This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronate ester group enables it to act as a key intermediate in forming carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. The compound's structure, featuring a protected boronic acid, ensures stability and reactivity under various conditions, making it valuable in constructing complex organic molecules. Additionally, it may be employed in the synthesis of bioactive compounds or polymers, where precise molecular architecture is required. Its application is significant in medicinal chemistry for creating potential drug candidates with tailored properties.