This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its cyclopentyl and methoxy groups contribute to its stability and reactivity, making it suitable for pharmaceutical research and development. Additionally, it is employed in the synthesis of biologically active compounds, including potential drug candidates, due to its ability to introduce specific functional groups into target molecules.