Used in organic synthesis as a key intermediate for the preparation of various biologically active compounds, particularly in the development of pharmaceuticals. It is commonly employed in Suzuki-Miyaura cross-coupling reactions, which are pivotal in creating carbon-carbon bonds for complex molecules. This chemical is also utilized in the synthesis of pyrimidine derivatives, which have applications in medicinal chemistry for designing drugs targeting diseases such as cancer and viral infections. Additionally, its boronate ester group makes it valuable in the field of materials science for creating advanced polymers and functional materials.