Widely used in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. Its boronate ester group facilitates efficient coupling with aryl halides, making it valuable in pharmaceutical research for constructing drug candidates. Additionally, it serves as a building block in the development of agrochemicals and functional materials, particularly in the synthesis of heterocyclic compounds. Its stability and reactivity under mild conditions make it a preferred choice in medicinal chemistry for creating diverse chemical libraries.