This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions, where it acts as a key intermediate. Its boronate ester group enables efficient participation in Suzuki-Miyaura coupling, a widely used method for forming carbon-carbon bonds. This makes it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its structure allows for further functionalization, making it a versatile building block in the synthesis of complex molecules. Its applications extend to research and development in medicinal chemistry, where it contributes to the creation of novel drug candidates.