Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Particularly valuable in pharmaceutical development for constructing biaryl structures, which are common in active pharmaceutical ingredients. Its boronate ester group facilitates mild and selective coupling with aryl halides, making it ideal for late-stage functionalization in drug discovery. Also employed in the preparation of agrochemicals and functional materials due to its stability and reactivity profile.