This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions, where it serves as a key intermediate. Its boronate ester group makes it valuable in Suzuki-Miyaura coupling, a widely used method for forming carbon-carbon bonds in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, its structure allows for further functionalization, making it versatile in the development of novel compounds with potential applications in drug discovery and material science.