This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group enables it to act as a key intermediate in the formation of carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its pyridine and pyrrolidinone moieties contribute to its role in designing biologically active molecules, making it valuable in medicinal chemistry for drug discovery and development. Its stability and reactivity also make it suitable for use in the synthesis of complex organic compounds.