This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura coupling. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. The compound’s structure allows for precise functionalization of aromatic systems, which is critical in designing bioactive molecules and polymers. Additionally, it serves as an intermediate in the synthesis of complex organic compounds, contributing to research in medicinal chemistry and material science.