Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These compounds are valuable in pharmaceutical research for developing new drugs. The boronic ester group facilitates the formation of carbon-carbon bonds, making it essential in constructing molecules with potential therapeutic properties. Additionally, it serves as a key intermediate in the synthesis of various heterocyclic compounds, which are often explored for their biological activities. Its stability and reactivity under mild conditions make it a preferred choice in medicinal chemistry and material science applications.