This compound is primarily utilized in organic synthesis, particularly in the field of medicinal chemistry, where it serves as a key intermediate in the development of pharmaceuticals. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is essential in creating complex molecules, including potential drug candidates. Additionally, the pyrrolidine carboxamide moiety in the structure can contribute to the compound's biological activity, making it a useful scaffold in designing molecules that interact with specific biological targets. Its applications are often focused on research and development of new therapeutic agents, particularly in areas such as oncology, neurology, and infectious diseases.