Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key boronic ester reagent in the synthesis of complex organic molecules. Its boron-containing group enables efficient carbon-carbon bond formation under palladium catalysis, making it valuable in pharmaceutical and agrochemical research. The ester functionality allows further derivatization, such as hydrolysis or amidation, enabling the construction of biaryl structures commonly found in drug candidates. It is especially useful in late-stage functionalization due to its stability and selectivity in coupling reactions.