This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it finds application in the development of boron-containing compounds for potential use in medicinal chemistry, such as enzyme inhibitors or receptor modulators. Its sulfonamide moiety further enhances its utility in drug design by contributing to interactions with biological targets.