This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for constructing complex molecules. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It is especially useful in the synthesis of heterocyclic compounds, which are often found in bioactive molecules. Additionally, its stability and reactivity make it a preferred choice for researchers developing new drug candidates or functional materials.