This chemical is primarily used in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the preparation of boron-containing compounds, which are valuable in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed to create complex organic molecules, including active pharmaceutical ingredients (APIs). Its boronate ester functionality makes it a versatile building block for constructing carbon-carbon bonds, which is essential in drug discovery and material science. Additionally, it may be utilized in the synthesis of biologically active molecules, such as enzyme inhibitors or receptor modulators, due to its ability to introduce specific structural features into target compounds.