This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester functional group makes it a valuable intermediate for constructing carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. It is often employed in the synthesis of complex molecules, including drug candidates, due to its stability and reactivity under mild conditions. Additionally, it serves as a key building block in the preparation of biologically active compounds, enabling the introduction of specific structural motifs that are crucial for therapeutic activity.