This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and material science 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, agrochemicals, and advanced materials. Additionally, its structure is advantageous in designing molecules with specific properties, such as enhanced stability or targeted biological activity.