This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, organic materials, and fine chemicals. Additionally, its stability and reactivity under mild conditions make it a preferred choice for researchers working on advanced organic transformations.