Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical industries. The boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable for constructing biaryl systems. Its ester functionality allows further transformations, such as hydrolysis or reduction, enabling diverse molecular derivatization. Commonly employed in research and development of active pharmaceutical ingredients (APIs), it supports the creation of drug candidates with tailored aromatic frameworks.