This chemical is primarily used in organic synthesis, particularly in the field of medicinal chemistry. It serves as a key intermediate in the development of pharmaceutical compounds, especially those targeting specific biological pathways. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery and materials science. Additionally, its structure allows for further functionalization, enabling the creation of complex molecules with potential therapeutic applications. Researchers also utilize it in the synthesis of bioactive molecules for studying enzyme inhibition and receptor interactions, contributing to the development of new drugs for various diseases.