This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in pharmaceutical research and development. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in the production of drug candidates, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of biologically active compounds, including inhibitors and ligands for various therapeutic targets. Its versatility and stability under reaction conditions make it a preferred choice in modern synthetic chemistry.