This compound is primarily utilized in organic synthesis as a versatile intermediate, particularly in cross-coupling reactions. Its boronate ester functionality makes it valuable in Suzuki-Miyaura reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. It is often employed in the development of pharmaceuticals, agrochemicals, and advanced materials, where precise molecular construction is critical. Additionally, its stability and reactivity under mild conditions make it a preferred choice for constructing heterocyclic compounds, which are essential in drug discovery and material science.