This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of biologically active molecules. Its boronate ester functionality makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to construct complex organic frameworks. Additionally, it serves as a precursor in the development of sulfonamide-based drugs, which are known for their antimicrobial, anti-inflammatory, and anticancer properties. The compound's unique structure also makes it suitable for use in material science, particularly in the design of advanced polymers and coatings with specific functional properties.