Used primarily in organic synthesis, this compound serves as a versatile intermediate in the preparation of various pharmaceutical agents. Its boronic ester group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex molecules. It is particularly valuable in medicinal chemistry for developing drugs targeting specific biological pathways. Additionally, it finds utility in materials science for creating advanced polymers and functional materials. Its stability and reactivity make it a preferred choice in research and industrial applications.