This chemical is primarily used as a key intermediate in organic synthesis, particularly in the preparation of complex molecules through cross-coupling reactions. Its boronate ester group makes it valuable in Suzuki-Miyaura coupling, a widely employed method for forming carbon-carbon bonds in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as a building block in the development of heterocyclic compounds, which are essential in drug discovery and material science. Its stability and reactivity under mild conditions make it a preferred choice for constructing diverse molecular architectures.