Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its boronate ester structure is valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. This compound is also employed in the synthesis of bioactive molecules and potential therapeutic agents due to its stability and reactivity in diverse chemical transformations. Additionally, it plays a role in the creation of advanced materials and ligands for catalysis.