This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. It is often employed in the development of active pharmaceutical ingredients (APIs) and fine chemicals due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Its stability and reactivity make it a preferred choice for researchers working on advanced organic transformations.