This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, where it acts as a key intermediate for constructing complex molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of bioactive compounds and in medicinal chemistry research for designing drug candidates. Its stability and reactivity under mild conditions make it a versatile tool in synthetic organic chemistry.