This chemical is primarily utilized in organic synthesis as a key intermediate for the preparation of various biologically active compounds, particularly in pharmaceutical research. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex molecules, including drug candidates. Additionally, it serves as a building block in the development of boron-containing drugs, which are gaining attention for their potential therapeutic applications, such as in cancer treatment and enzyme inhibition. Its structural features also make it suitable for use in materials science, particularly in the design of advanced polymers and organic electronic materials.