This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a key intermediate for constructing complex molecules. Its boronate ester group enables efficient coupling with aryl or vinyl halides, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as a building block in the synthesis of biologically active compounds, including potential drug candidates, due to its ability to introduce functional groups into organic frameworks. Its stability and reactivity under mild conditions make it a preferred choice in medicinal chemistry and material science research.