This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of complex molecules, often in pharmaceutical research and development. The boronate ester functional group makes it valuable for Suzuki-Miyaura coupling, a widely used method to form carbon-carbon bonds. Its application extends to the synthesis of biologically active compounds, including potential drug candidates, where precise molecular structures are crucial. Additionally, it may be employed in material science for creating advanced polymers or organic electronic materials.