This chemical is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely used in the pharmaceutical and materials science industries to form carbon-carbon bonds. This compound is particularly useful in the synthesis of bioactive compounds, agrochemicals, and advanced materials due to its stability and reactivity. Additionally, it serves as a building block in the development of boron-containing drugs, which are increasingly explored for their therapeutic potential in treating diseases such as cancer and bacterial infections.