Used primarily as an intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily reacts with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research. It is especially useful for constructing biologically active chromanone derivatives, which are found in natural products and drug candidates with antioxidant, anti-inflammatory, or anticancer properties. The compound’s stability and reactivity profile make it suitable for late-stage functionalization in medicinal chemistry campaigns.