This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronate ester functionality makes it a valuable intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. It serves as a key building block for creating biaryl compounds, which are essential in the development of drugs, ligands, and functional materials. Additionally, its stability and reactivity under mild conditions make it suitable for use in diverse catalytic processes, enabling efficient and selective bond formation in synthetic pathways.