Used in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. This compound is particularly valuable in the development of pharmaceuticals and agrochemicals, where it facilitates the introduction of aryl or heteroaryl groups into complex molecules. Its boronate ester group enhances stability and reactivity, making it suitable for use in mild reaction conditions. Additionally, it is employed in the preparation of biologically active compounds, including potential drug candidates targeting various diseases. The pyrrolidine moiety contributes to the molecule's versatility, allowing for further functionalization and modification in synthetic pathways.