Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a key role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. Its boronate ester group enhances reactivity and selectivity in these transformations, making it valuable for constructing aromatic compounds. Additionally, it is employed in the development of bioactive compounds and materials with potential applications in drug discovery and advanced materials science.