This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronate ester intermediate. Its pyrimidine ring and boronate ester functionality make it a valuable building block for constructing complex molecules, especially in pharmaceutical research and development. It is often employed in the synthesis of drug candidates, enabling the formation of carbon-carbon bonds with high precision. Additionally, it finds use in material science for the preparation of organic electronic materials and polymers. Its stability and reactivity make it a versatile reagent in medicinal chemistry for designing and optimizing bioactive compounds.