Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and bioactive molecules. Its boronate ester group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely utilized method for forming carbon-carbon bonds. This makes it valuable in the development of complex organic compounds, including drug candidates and advanced materials. Additionally, its phenolic moiety allows for further functionalization, enhancing its versatility in chemical transformations. It is particularly useful in the synthesis of polyphenols and other aromatic compounds with potential applications in medicinal chemistry and material science.