Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates mild and selective coupling with aryl halides, making it valuable in the development of complex organic molecules, including drug candidates and functional materials. The phenolic hydroxyl group allows for further derivatization or anchoring to polymers and surfaces, expanding its utility in material science and conjugation chemistry.