This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester functional group enables it to act as a key intermediate in the formation of carbon-carbon bonds, which is essential in the development of pharmaceuticals and agrochemicals. The cyclobutane moiety can contribute to the rigidity and stability of the resulting molecules, making it valuable in designing bioactive compounds. Additionally, its structure allows for further functionalization, aiding in the creation of complex organic molecules for research and industrial applications.