Used in organic synthesis as a building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Its boronic acid group facilitates palladium-catalyzed coupling with aryl halides, making it valuable in the preparation of complex aromatic compounds. The hydroxymethyl functionality allows further chemical modification, such as esterification or ether formation, supporting its use in multi-step synthesis of bioactive molecules. Commonly employed in the research and development of new therapeutic agents and functional materials.