This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for creating complex molecules, including pharmaceuticals and agrochemicals. Its boronate ester group enables efficient coupling with aryl halides, making it valuable in drug discovery and development. Additionally, it is utilized in the preparation of sulfonamide-based compounds, which have applications in antibacterial and anti-inflammatory agents. Its stability and reactivity make it a preferred choice in medicinal chemistry for designing bioactive molecules.