This chemical is primarily used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its boronic ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it can serve as a key building block in the development of boron-containing compounds, which are often explored for their potential in drug discovery and material science. Its stability and reactivity make it suitable for use in controlled reactions, ensuring high yields and specificity in the production of target molecules.