This chemical is primarily used in organic synthesis, particularly in the development of pharmaceutical compounds and advanced materials. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in the synthesis of complex organic molecules. It is also utilized in the preparation of bioactive molecules and potential drug candidates, especially those targeting specific receptors or enzymes. Additionally, its structure allows for applications in the creation of polymers and materials with tailored properties, such as those used in electronics or coatings. Its role in medicinal chemistry research is significant, as it can serve as a building block for compounds with therapeutic potential.