Widely used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block for forming carbon-carbon bonds in organic synthesis. Its boronate ester group readily reacts with aryl or vinyl halides in the presence of a palladium catalyst, enabling the efficient construction of biaryl and conjugated systems. It is particularly valuable in pharmaceutical and agrochemical industries for synthesizing complex aromatic molecules. The benzyl ester group can be easily deprotected or modified in later steps, adding versatility to multistep synthetic routes. Its stability and reactivity profile make it a preferred choice in medicinal chemistry and materials science for developing new functional compounds.