Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation with aryl halides, making it valuable in the development of new drug candidates and functional materials. The acetyloxymethyl group can act as a prodrug moiety or be hydrolyzed to release active compounds, adding utility in medicinal chemistry. Its structure supports the construction of biaryl systems found in bioactive compounds and advanced intermediates.