Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical industries. The boronate ester group enables efficient carbon-carbon bond formation under mild conditions, allowing for the introduction of substituted aromatic systems. Its ester functionality provides a handle for further transformations, such as hydrolysis or reduction, making it valuable in multi-step synthetic routes. Commonly employed in medicinal chemistry for constructing biaryl scaffolds found in bioactive compounds.