Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. Its boronate ester group facilitates efficient coupling with aryl halides, making it essential in the development of drugs, fine chemicals, and advanced materials. Additionally, it serves as a building block in the synthesis of biologically active compounds and functionalized polymers.