Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to construct biaryl compounds, which are key structural motifs in pharmaceuticals and agrochemicals. Its boronic acid group enables carbon-carbon bond formation under mild conditions, making it valuable in drug discovery and development. The thioether and ethoxymethyl functionalities enhance solubility and can influence binding selectivity in target molecules. Commonly employed in the preparation of intermediates for medicinal chemistry and materials science applications.