This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group serves as a key functional moiety, enabling the formation of carbon-carbon bonds in the construction of complex organic molecules. It is often employed in the development of pharmaceuticals, agrochemicals, and advanced materials, where precise control over molecular architecture is essential. Additionally, it can act as a protective group for amines during multi-step synthetic processes, ensuring selective reactivity in the presence of other functional groups. Its stability and reactivity make it a valuable reagent in medicinal chemistry for the synthesis of bioactive compounds.