This chemical is primarily used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It is valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group makes it a key reagent for introducing pyrrolidine moieties into target compounds. Additionally, it is utilized in the preparation of bioactive molecules and in medicinal chemistry research for drug discovery and development. Its stability and reactivity make it a preferred choice for constructing nitrogen-containing heterocycles in various synthetic pathways.