This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of various biologically active molecules. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to construct complex organic compounds, including drug candidates. Additionally, it serves as a building block in the development of materials with potential applications in optoelectronics and organic light-emitting diodes (OLEDs). Its stability and reactivity under mild conditions make it a preferred choice for researchers working on the synthesis of novel organic frameworks and polymers.