This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic ester functional group enables the formation of carbon-carbon bonds, making it valuable in the construction of complex organic molecules. It is often employed in pharmaceutical research for the development of drug candidates, as well as in materials science for creating advanced polymers and functional materials. The tetrahydropyranyl group provides stability and protection during synthetic processes, enhancing its utility in multi-step reactions.