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 mild and selective coupling with aryl halides, making it valuable in the development of complex organic molecules, including active pharmaceutical ingredients and functional materials. The phenolic hydroxyl group allows for further modification or anchoring to polymers and surfaces, expanding its utility in material science and drug discovery.