This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the construction of complex molecules, especially in pharmaceutical and agrochemical research. It serves as a key intermediate in the development of pyrimidine-based compounds, which are often explored for their biological activity. Additionally, it is used in the preparation of advanced materials and ligands for catalysis, contributing to innovations in medicinal chemistry and material science.