This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a key intermediate. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the synthesis of complex organic molecules, including bioactive compounds and polymers, due to its stability and reactivity under mild conditions. Additionally, it serves as a protecting group for amines in multi-step synthetic processes, ensuring selective transformations.