This chemical is primarily used in organic synthesis as a key intermediate in the preparation of various pharmaceuticals and biologically active compounds. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely employed method for forming carbon-carbon bonds in drug discovery and materials science. The compound is particularly useful in the synthesis of complex molecules, such as inhibitors and receptor modulators, due to its stability and reactivity. Additionally, it serves as a building block in the development of advanced materials, including polymers and liquid crystals, where precise molecular architecture is required. Its application extends to research in medicinal chemistry for creating novel therapeutic agents targeting specific diseases.