This chemical is primarily utilized as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This enables the construction of complex organic molecules, which are often essential in drug development. Additionally, it can be employed in the synthesis of biologically active compounds, such as inhibitors or receptor modulators, due to its structural versatility. Its role in facilitating precise and efficient chemical transformations makes it a key component in advanced research and industrial applications.