Used primarily in cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical industries. Its boronate ester group enables Suzuki-Miyaura coupling, allowing efficient formation of carbon-carbon bonds. The presence of a phenolic hydroxyl group offers additional functionality for further chemical modifications, making it valuable in the development of functional materials, ligands, and bioactive compounds. Its stability and reactivity profile make it suitable for use in late-stage functionalization during drug discovery.