Used in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Its boronate ester group facilitates palladium-catalyzed coupling with aryl halides, making it valuable in constructing complex aromatic systems. The carbamate-protected amine allows for selective deprotection and further functionalization in multi-step synthesis. Commonly applied in the preparation of functional materials and bioactive molecules where thioxanthene scaffolds are required.