This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester derivative, enabling the formation of carbon-carbon bonds in the presence of a palladium catalyst. Its pyridine moiety enhances stability and reactivity, making it suitable for constructing complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it is employed in the development of advanced materials, such as polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular structures. Its application in medicinal chemistry is notable for creating bioactive compounds and drug candidates.