This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for constructing complex organic molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. The hydroxyl group on the cyclohexene ring allows for additional derivatizations, such as esterification or ether formation, enhancing its versatility. Additionally, it serves as a building block in the development of bioactive compounds and functionalized polymers. The cyclohexene ring in its structure provides versatility in designing cyclic and polycyclic frameworks, which are essential in drug discovery and material science.