This compound is primarily utilized in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions. Its boronate ester functionality enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. It is particularly useful in constructing biaryl structures, which are common in drug discovery and development. Additionally, its stability and reactivity under mild conditions make it a preferred choice for chemists working on fine chemical synthesis and catalysis research.