Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily participates in palladium-catalyzed couplings with aryl or vinyl halides, making it valuable in pharmaceutical and agrochemical research. The presence of a phenolic hydroxyl group allows for further functionalization or protection, adding versatility in multi-step syntheses. It is especially useful in constructing biaryl systems found in bioactive compounds and functional materials.