Used in Suzuki-Miyaura cross-coupling reactions as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. The boronate ester group enables efficient carbon-carbon bond formation with aryl or vinyl halides under palladium catalysis. Its ester functionality allows for further transformations, such as hydrolysis or reduction, making it valuable in building aromatic frameworks with tailored substituents. Commonly employed in medicinal chemistry for constructing biaryl systems found in bioactive compounds.