This chemical is primarily used in organic synthesis as a key intermediate in the preparation of various pharmaceuticals and biologically active compounds. Its boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the construction of carbon-carbon bonds for drug discovery and development. Additionally, it serves as a building block in the synthesis of complex molecules, particularly those targeting enzyme inhibition or receptor modulation in medicinal chemistry. Its application extends to materials science, where it contributes to the development of advanced polymers and organic electronic materials.