This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions, where it acts as a key intermediate for constructing complex molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in drug discovery and medicinal chemistry. Its stability and reactivity under mild conditions make it a preferred choice for researchers aiming to create diverse chemical structures efficiently.