This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceuticals and agrochemicals. The compound’s structure allows it to act as a coupling partner in forming carbon-carbon bonds, which is essential in developing active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, its stability and reactivity under mild conditions make it suitable for use in medicinal chemistry research for designing and optimizing drug candidates.