Used primarily in cross-coupling reactions such as Suzuki-Miyaura coupling, this compound serves as a key building block in the synthesis of complex organic molecules. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in pharmaceutical and agrochemical research for constructing biaryl systems. It is especially useful in medicinal chemistry for modifying aromatic cores to fine-tune biological activity. The methyl ester functionality allows further derivatization, such as hydrolysis to the corresponding carboxylic acid or conversion to amides, enabling diverse molecular design in drug discovery and materials science.