This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester group enables efficient coupling with aryl or vinyl halides, facilitating the creation of carbon-carbon bonds. This compound is valuable in the development of active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, its stability and reactivity make it suitable for use in medicinal chemistry research for designing and synthesizing novel drug candidates.