Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group readily participates in palladium-catalyzed couplings with aryl or vinyl halides, making it valuable for constructing complex organic molecules. The presence of a cyclohexenyl ring and pyrrolidine group allows for structural diversity in drug discovery, particularly in the development of bioactive compounds and functional materials. Its stability and reactivity profile make it suitable for use in late-stage functionalization during multi-step syntheses.