This chemical is primarily used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it is utilized in the development of biologically active compounds, including potential drug candidates, due to its ability to introduce isoindoline moieties into molecular structures. Its stability and reactivity under various conditions make it a versatile reagent in medicinal chemistry and material science research.