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 creating complex aromatic compounds. The acetoxymethyl group can act as a protected alcohol, allowing for selective deprotection and further functionalization in multi-step syntheses. Commonly applied in the preparation of biaryl structures found in bioactive molecules and drug candidates.