Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient and selective coupling with aryl or vinyl halides under palladium catalysis. Commonly employed in the preparation of complex organic molecules, including active pharmaceutical ingredients (APIs), where reliable and mild coupling conditions are required. Also utilized in research and development for constructing biaryl scaffolds in medicinal chemistry and materials science.