This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in complex organic molecules. It is particularly useful in the development of active pharmaceutical ingredients (APIs) and fine chemicals, where precise molecular architecture is required. Additionally, its structure allows for further functionalization, enabling the creation of diverse derivatives for research and industrial applications.