This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of biaryl compounds, which are common in drug development. Additionally, it is employed in the preparation of functionalized cyclohexene derivatives, which are useful in materials science and as building blocks for more intricate chemical structures. Its stability and reactivity make it a preferred choice for researchers working on advanced organic transformations.