This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronate ester functionality makes it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and as a building block in medicinal chemistry for drug discovery and optimization. Its stability and reactivity under mild conditions make it a preferred choice in various catalytic processes.