Used primarily as an 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 reacts efficiently with aryl or vinyl halides under palladium catalysis, making it valuable for constructing complex organic molecules. It is especially useful in late-stage functionalization due to its stability and reactivity profile. Commonly employed in medicinal chemistry for developing bioactive compounds and in materials science for designing organic electronic materials.