This compound is widely used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic ester functionality makes it a valuable building block for constructing complex molecules, especially in pharmaceutical research and development. The MIDA ester group enhances stability, allowing for easier handling and storage compared to free boronic acids. It is often employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery for their diverse biological activities. Additionally, it serves as a key intermediate in the preparation of agrochemicals and materials with specific electronic properties.