This chemical is primarily used in organic synthesis as a key intermediate in the preparation of various biologically active compounds. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to construct carbon-carbon bonds. This process is crucial for developing drug candidates, particularly in the synthesis of complex molecules like heterocycles and aromatic compounds. Additionally, its structure allows for further derivatization, enabling the creation of diverse chemical libraries for drug discovery and development. Its application is also seen in material science, where it contributes to the design of advanced organic materials.