Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biologically active compounds, particularly in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in the development of new drug candidates and functional materials. Commonly employed in the preparation of benzimidazole-based derivatives with potential applications in medicinal chemistry, including kinase inhibitors and antimicrobial agents.