Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its boronate ester group facilitates mild and selective carbon-carbon bond formation, making it valuable in the development of bioactive compounds and functional materials. The acetate group allows for further derivatization, such as deprotection to yield alcohol intermediates, enhancing its utility in multi-step organic synthesis.