Primarily utilized in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in pharmaceutical research. It is often employed in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds, due to the presence of the boronate ester group. This compound is valuable in the development of biologically active compounds, including drug candidates targeting various diseases. Its stability and reactivity make it a preferred choice in medicinal chemistry for constructing aromatic systems and heterocycles. Additionally, it is used in the synthesis of advanced materials and agrochemicals, where precise molecular architecture is required.