This compound is widely used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it serves as a key intermediate for constructing complex molecules. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in materials science for creating advanced polymers and functional materials. The stereochemistry of the compound also allows for its use in asymmetric synthesis, contributing to the production of enantiomerically pure compounds in fine chemical and agrochemical industries.