This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group serves as a key functional moiety, enabling the formation of carbon-carbon bonds with aryl or vinyl halides in the presence of a palladium catalyst. This makes it valuable in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, the tetrahydro-2H-pyran-4-yloxy group enhances its solubility and stability, facilitating its use in various reaction conditions. Its application extends to the development of bioactive compounds and intermediates in drug discovery.