Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its cyclic ester structure enhances stability and handling compared to the parent boronic acid, reducing decomposition and improving shelf life. Commonly employed in the preparation of biaryl compounds, which are structural motifs in active pharmaceutical ingredients. Also utilized in materials science for constructing conjugated organic frameworks and in the development of organic electronic materials. The neopentyl glycol ester group facilitates purification and improves solubility in common organic solvents, making it suitable for automated synthesis and high-throughput screening applications.