Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its boronate ester group facilitates carbon-carbon bond formation under mild conditions, making it valuable for constructing biaryl and heterobiaryl systems found in active pharmaceutical ingredients. Commonly employed in late-stage functionalization due to its stability and reactivity profile. Also utilized in the development of novel materials and in medicinal chemistry for library synthesis in drug discovery programs.