This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of more complex molecules, particularly in the pharmaceutical and agrochemical industries. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This enables the synthesis of biaryl compounds, which are essential in the development of drugs, herbicides, and other bioactive molecules. Additionally, its sulfonamide group can contribute to the compound's role in designing molecules with specific biological activities, such as enzyme inhibition or receptor modulation. Its stability and reactivity make it a versatile tool in medicinal chemistry and material science research.