Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This chemical facilitates the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group is crucial for enabling efficient and selective coupling processes. Additionally, it is employed in the synthesis of bioactive compounds and functional materials due to its stability and reactivity under various conditions.