This compound is primarily used in organic synthesis as a versatile intermediate, particularly in cross-coupling reactions. Its boronate ester group enables efficient participation in Suzuki-Miyaura reactions, which are widely employed in the construction of carbon-carbon bonds in pharmaceuticals and advanced materials. Additionally, the cyclopentanone moiety provides a functional handle for further derivatization, making it valuable in the synthesis of complex organic molecules. Its stability and reactivity make it a useful reagent in medicinal chemistry for developing drug candidates and in material science for creating novel polymers and small molecules.