Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester group is valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. This compound is also employed in the synthesis of biologically active compounds, such as inhibitors or ligands, due to its structural versatility. Additionally, it serves as a building block in the creation of advanced materials, including polymers and sensors, where its functional groups can be tailored for specific applications.