This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, due to the presence of the boronate ester group. It serves as a versatile intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its structure allows for efficient formation of carbon-carbon bonds, making it valuable in constructing complex molecules. Additionally, it may be utilized in the development of boron-containing compounds for medicinal chemistry, where boron is increasingly recognized for its role in drug design. Its applications are often focused on research and development of novel compounds with potential therapeutic or industrial uses.