This compound is primarily used in organic synthesis as an intermediate for the preparation of more complex molecules, particularly in pharmaceutical research. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely employed method for forming carbon-carbon bonds. This reaction is crucial in the development of drugs, agrochemicals, and advanced materials. Additionally, the compound’s structure allows for modifications that can lead to the creation of biologically active molecules, making it a key component in medicinal chemistry for designing potential therapeutic agents. Its stability and reactivity also make it suitable for use in material science, particularly in the development of organic electronic materials.