This chemical is primarily used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in drug discovery and material science. Additionally, it serves as a key building block in the synthesis of complex molecules, including biologically active compounds and functional materials. Its stability and reactivity make it a preferred choice for researchers working on advanced chemical transformations.