This chemical is primarily utilized in organic synthesis as a versatile intermediate, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the construction of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it serves as a key building block in the development of biologically active compounds, contributing to drug discovery and material science research. Its stability and reactivity under mild conditions make it a preferred choice for various catalytic processes.