Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient coupling with aryl halides under palladium catalysis, making it valuable in constructing complex aromatic systems. Commonly applied in the development of functional materials and bioactive molecules where precise molecular architecture is required. The presence of the ester group allows for further derivatization, enhancing its utility in multi-step organic synthesis.