This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. Its boronate ester group makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, as it facilitates the introduction of pyridine moieties into target molecules. Additionally, it is used in material science for the synthesis of advanced materials, including polymers and ligands for catalysis. Its stability and reactivity make it a versatile intermediate in various research and industrial applications.