This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions, where it serves as a key intermediate. Its boronate ester group enables efficient coupling with aryl or vinyl halides, facilitating the construction of complex organic molecules. It is also employed in the development of pharmaceuticals and agrochemicals due to its ability to introduce pyridine and ester functionalities into target compounds. Additionally, it finds use in material science for synthesizing advanced polymers and ligands for catalytic systems.