This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for forming carbon-carbon bonds, which is essential in constructing complex organic molecules. It is often employed in pharmaceutical research for developing drug candidates, as well as in material science for creating advanced polymers and functional materials. The benzylamine moiety can also facilitate further derivatization, enabling the synthesis of diverse chemical structures. Its stability and reactivity make it a useful reagent in catalytic processes and ligand design.