This compound is primarily utilized in organic synthesis as a versatile boronic ester reagent. It serves as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Its stability and reactivity make it particularly useful in constructing cyclopropane-containing structures, which are often found in bioactive compounds. Additionally, it can be employed in the preparation of advanced materials and as a precursor for functionalized boronic acids.