This chemical is primarily utilized in organic synthesis as a key intermediate for the preparation of various complex molecules. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to create carbon-carbon bonds in drug development. Additionally, it is used in the synthesis of advanced materials, including polymers and liquid crystals, due to its ability to act as a building block for constructing specific molecular architectures. Its stability and reactivity also make it suitable for research applications in developing new chemical methodologies and catalytic processes.