Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex organic molecules. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic ester group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This compound is valued for its stability and reactivity, making it a reliable choice for constructing diverse molecular structures in research and industrial applications.