This chemical is primarily used in organic synthesis as a key intermediate for the preparation of various bioactive compounds and pharmaceuticals. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely employed method for forming carbon-carbon bonds in the synthesis of complex organic molecules. It is particularly useful in the development of drug candidates, agrochemicals, and advanced materials. Additionally, its structure allows for further functionalization, enabling the creation of diverse chemical entities with potential applications in medicinal chemistry and materials science.