Used primarily in organic synthesis as a boronic ester coupling partner in Suzuki-Miyaura cross-coupling reactions. Its phenolic ether structure with a terminal hydroxyl group allows for selective modifications and functionalization, making it valuable in the preparation of pharmaceutical intermediates, liquid crystals, and conjugated organic materials. The presence of the dioxaborolane ring enhances stability and reactivity under palladium catalysis, while the hydroxyl group enables further derivatization, such as esterification or ether formation, for use in polymer chemistry or prodrug design.