This compound is primarily utilized in organic synthesis, particularly in the field of medicinal chemistry, where it serves as an intermediate in the development of pharmaceuticals. Its boronic ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is crucial in constructing complex organic molecules, including potential drug candidates. Additionally, the tert-butyl carbamate (Boc) protecting group in the molecule allows for selective deprotection, enabling controlled synthesis of target compounds. Its applications extend to the preparation of biologically active molecules, such as enzyme inhibitors or receptor modulators, which are essential in drug discovery and development processes.