Used as a coupling reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its stability and reactivity make it valuable in pharmaceutical and agrochemical research for constructing biaryl compounds. The benzyloxy group acts as a protected phenol, allowing selective deprotection later in multistep syntheses. Suitable for late-stage functionalization in drug discovery due to mild reaction conditions and good functional group tolerance.