This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the preparation of biaryl compounds, which are important in the development of pharmaceuticals, agrochemicals, and organic materials. The tetrazole moiety in the compound can act as a bioisostere for carboxylic acids, enhancing the biological activity of drug molecules. Additionally, the boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules. Its applications extend to materials science, where it is used in the development of polymers and advanced materials with specific electronic or optical properties.