Used primarily in cross-coupling reactions, this compound serves as a key building block 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 under mild conditions. The phenolic hydroxyl group provides a handle for further functionalization or protection, enhancing its versatility in multi-step syntheses. It is particularly valuable in the preparation of substituted biaryl compounds and functionalized aromatic systems found in bioactive molecules.