Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic ester group provides enhanced stability and reactivity, making it valuable in forming carbon-carbon bonds during the development of complex organic molecules. Commonly employed in medicinal chemistry for constructing biaryl systems found in bioactive compounds. The neopentyl glycol ester moiety improves handling and purification, and it is often used in solid-phase synthesis and parallel reaction screening.