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 mild and selective coupling with aryl or vinyl halides, making it valuable in the preparation of complex organic molecules, including drug candidates and functional materials. The cycloheptenyl group can act as a building block for seven-membered ring systems, which are less common but important scaffolds in medicinal chemistry for conformational constraint and bioavailability enhancement.