It is widely used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. The compound plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. Its boronate ester group enhances reactivity and selectivity, making it valuable in the development of active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it is employed in the synthesis of ligands for catalysis and in material science for creating advanced polymers and functional materials. Its versatility and stability make it a preferred choice in modern synthetic chemistry.