This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. It serves as an intermediate for constructing complex molecules, especially in the synthesis of biologically active compounds or polymers. Additionally, its protective carbamate group ensures stability during reactions, allowing for selective transformations. Its application is critical in medicinal chemistry for creating drug candidates and in material science for designing functional materials.