This chemical is primarily used in organic synthesis as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. It is particularly useful in the production of biaryl compounds, which are essential in the development of drugs and functional materials. Additionally, its stability and reactivity under mild conditions make it a preferred choice in research and industrial applications for constructing diverse molecular architectures.