Used primarily in cross-coupling reactions, this compound serves as a key reagent in the synthesis of pharmaceuticals and agrochemicals. Its boron-containing group enables efficient Suzuki-Miyaura coupling, allowing the formation of carbon-carbon bonds under mild conditions. It is especially valuable in constructing complex heterocyclic systems found in bioactive molecules. Due to the stability and reactivity of the boronate ester group, it facilitates high-yielding transformations with good functional group tolerance, making it suitable for late-stage functionalization in drug discovery and development.