This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds. Its boronate ester group makes it valuable for constructing complex molecules, especially in the development of active pharmaceutical ingredients (APIs). Additionally, it is utilized in material science for creating advanced organic materials and polymers. Its stability and reactivity make it a versatile building block in medicinal chemistry and drug discovery processes.