This chemical is primarily used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its boronate ester structure makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely employed method for forming carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it can be utilized in the development of advanced materials, such as polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular frameworks. Its stability and reactivity also make it suitable for use in research and development of new chemical entities in medicinal chemistry.