This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid reagent. These reactions are essential for forming carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its structure, featuring a tert-butoxycarbonyl (Boc) protecting group, allows for selective deprotection and further functionalization, enabling the synthesis of complex molecules. Additionally, it is employed in the development of heterocyclic compounds, which are crucial in drug discovery and medicinal chemistry.