This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, where it acts as a boronic ester reagent. It facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its benzyloxy and pyridine groups enhance its reactivity and selectivity in these reactions. Additionally, it is employed in the development of biologically active compounds and in medicinal chemistry research for drug discovery.