This chemical is primarily utilized as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester group makes it a valuable reagent in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, the tert-butyl carboxylate group provides stability and protection for the pyrrole ring during chemical transformations, making it a useful building block in the preparation of heterocyclic compounds. Its applications extend to the production of biologically active molecules, including potential drug candidates and functional materials.