Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily reacts with aryl or heteroaryl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research. It is especially useful for constructing biaryl systems and functionalized benzoxazine derivatives, which are common scaffolds in drug discovery. The stability and reactivity profile of this reagent allow for efficient transformations under mild conditions, often with high yields and selectivity. It is also employed in the development of functional materials, including organic semiconductors and fluorescent probes.