This chemical is primarily utilized in organic synthesis as a versatile building block, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as an intermediate in the synthesis of complex molecules, including heterocyclic compounds, due to its stability and reactivity. Its application extends to medicinal chemistry, where it aids in the creation of drug candidates with potential therapeutic properties.