Used primarily in cross-coupling reactions, this compound serves as a key building block in the synthesis of pharmaceuticals and agrochemicals. Its boron-containing group enables efficient Suzuki-Miyaura coupling, allowing the formation of carbon-carbon bonds with aryl or heteroaryl halides. This makes it valuable in drug discovery and development, especially for constructing complex nitrogen-containing heterocyclic systems. It is also employed in materials science for designing organic electronic materials due to its stable and reactive boronate ester functionality.