This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling, where it serves as a key intermediate for constructing complex molecules. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the preparation of heterocyclic compounds, which are essential in drug discovery and material science due to their diverse biological and physical properties.