This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of complex organic molecules, often in pharmaceutical research. The boronate ester group makes it valuable in Suzuki-Miyaura coupling reactions, enabling the formation of carbon-carbon bonds. It is also utilized in the development of bioactive compounds and materials science for creating advanced polymers. Its stability and reactivity make it a preferred choice in medicinal chemistry for designing drug candidates.