Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronate ester structure makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex molecules. Additionally, it finds application in the development of advanced materials, such as organic semiconductors and polymers, due to its ability to facilitate precise molecular modifications. Its role in medicinal chemistry includes the synthesis of bioactive compounds targeting specific diseases, contributing to drug discovery and development.