This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for forming carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group makes it a valuable intermediate for creating complex molecules with high precision. Additionally, it is employed in the development of bioactive compounds, including potential drug candidates, due to its ability to facilitate the introduction of heterocyclic structures. Its stability and reactivity also make it suitable for use in medicinal chemistry research, aiding in the discovery of new therapeutic agents.