This chemical is primarily used in organic synthesis as a versatile intermediate, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronate ester structure makes it valuable for constructing complex molecules, such as pharmaceuticals, agrochemicals, and organic materials. It is also employed in the development of advanced polymers and functional materials due to its ability to facilitate carbon-carbon bond formation. Additionally, it finds applications in the preparation of bioactive compounds and as a building block in medicinal chemistry for drug discovery and development.