This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical research. The tetrahydro-2H-pyran (THP) protecting group enhances its stability during synthesis, allowing for selective transformations. It is often employed in the preparation of biologically active compounds, including drug candidates, due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, its structure is advantageous in the development of advanced materials and functionalized polymers.