This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of complex molecules, often in pharmaceutical research and development. Its boronate ester group makes it valuable in Suzuki-Miyaura coupling reactions, enabling the formation of carbon-carbon bonds. This is crucial for constructing biologically active compounds, including potential drug candidates. Additionally, it is employed in the synthesis of heterocyclic compounds, which are widely used in medicinal chemistry for their diverse pharmacological properties. Its stability and reactivity make it a preferred choice for designing and synthesizing novel organic molecules.