This chemical is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of various pharmaceutical compounds, enabling the formation of carbon-carbon and carbon-heteroatom bonds. Its boronic ester functional group makes it valuable in Suzuki-Miyaura coupling reactions, which are widely employed in drug discovery and development. Additionally, it is used in the synthesis of biologically active molecules, including potential therapeutic agents targeting specific diseases. Its stability and reactivity make it a versatile building block in medicinal chemistry and materials science research.