Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily participates in palladium-catalyzed couplings with aryl or vinyl halides, making it valuable in pharmaceutical and agrochemical research. The bromomethyl functionality allows for further derivatization, such as nucleophilic substitution or polymer functionalization, expanding its utility in materials science and drug discovery. It is particularly useful in constructing naphthalene-based conjugated systems for optoelectronic materials.