This chemical is primarily used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely employed method for forming carbon-carbon bonds. This reaction is crucial in creating complex organic molecules, including active pharmaceutical ingredients (APIs) and biologically active compounds. Additionally, the carbamate group provides stability and can act as a protective group for amines during synthetic processes, enabling selective reactions in multi-step syntheses. Its applications are particularly significant in the production of targeted drugs and advanced materials.