This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. The presence of the boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceutical and materials science research. It is often employed in the development of bioactive compounds, including potential drug candidates, due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, its structure allows for further functionalization, making it versatile in the synthesis of advanced materials, such as polymers or organic electronic components. The methylsulfonyl group can also serve as a reactive site for further chemical modifications, enhancing its utility in diverse synthetic pathways.