This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the construction of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, the tert-butyl carbamate group serves as a protective group for amines, allowing selective reactions to occur without interference. Its stability and reactivity make it a versatile intermediate in medicinal chemistry for the development of drug candidates and bioactive compounds.