This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for constructing complex molecules. Its boronate ester functionality allows for efficient coupling with aryl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is utilized in the development of boron-containing compounds, which are essential in drug discovery and material science. Its structural features also make it suitable for applications in medicinal chemistry, where it can be incorporated into bioactive molecules for targeted therapies.