Widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the preparation of complex organic molecules, including pharmaceuticals and functional materials. The boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in drug discovery and development. Its phthalimide moiety can be deprotected to release amines, allowing further functionalization in multi-step syntheses. Commonly employed in the construction of biaryl systems, it supports the creation of advanced intermediates for agrochemicals, OLED materials, and bioactive compounds.