This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions, where it serves as a key intermediate. Its boronate ester group enables efficient Suzuki-Miyaura coupling, a widely used method for forming carbon-carbon bonds in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it is employed in the development of boron-containing compounds for potential use in medicinal chemistry, such as enzyme inhibitors or receptor modulators. Its stability and reactivity make it a valuable tool in the design and production of novel bioactive molecules.