Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient coupling with aryl halides under mild conditions, making it valuable in the preparation of complex organic molecules, particularly in drug discovery and development. The presence of a protected hydroxyl group (benzyloxy) allows for further functionalization downstream, enhancing its utility in multi-step synthetic routes.