This compound is primarily utilized as a key intermediate in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester functional group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the synthesis of complex organic molecules, including bioactive compounds and polymers, due to its stability and reactivity under mild conditions. Additionally, it serves as a building block in the preparation of fine chemicals and specialty materials, contributing to innovations in medicinal chemistry and material science.