Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its protected boronic ester group enhances stability and handling, making it suitable for multi-step syntheses. The methoxy and acetoxy functionalities allow further derivatization, enabling the construction of biaryl compounds and functionalized aromatic systems found in bioactive molecules. Commonly employed in the development of drug candidates where selective carbon-carbon bond formation is required.