Used in organic synthesis as a building block for pharmaceuticals and fine chemicals, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables carbon-carbon bond formation, useful in constructing biaryl compounds found in drug molecules. The silyl-protected hydroxy group allows for selective deprotection under mild conditions, making it valuable in multi-step syntheses where functional group compatibility is critical. Commonly employed in the development of bioactive compounds, including potential therapeutic agents.