Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical industries. The presence of 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 modifications. Commonly employed in medicinal chemistry for drug discovery, it facilitates the rapid assembly of aromatic scaffolds with tailored electronic and steric properties.