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 coupling with aryl halides, while the acetoxymethyl functionality can act as a protected alcohol or be further modified. Commonly employed in the preparation of biaryl compounds and in prodrug design where controlled release is needed. Also applied in materials science for creating functionalized organic frameworks and sensors.