Used extensively in organic synthesis as a key intermediate for the preparation of various pharmaceutical compounds. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds, which is essential in drug discovery and development. Its boronate ester group makes it highly reactive and useful in constructing complex molecules, particularly in the synthesis of biologically active compounds. Additionally, it is employed in the production of advanced materials and agrochemicals, where precise molecular structures are required. Its versatility and stability under various reaction conditions make it a valuable tool in modern chemical research and industrial applications.