This compound is primarily used in organic synthesis as a key intermediate in the preparation of more complex molecules. Its boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical and agrochemical industries to create carbon-carbon bonds. The isopropoxy group enhances solubility and reactivity, facilitating its use in various catalytic processes. Additionally, it serves as a building block in the development of bioactive compounds, including potential drug candidates, due to its structural versatility and stability.