Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key boronic ester reagent in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical development. Its phenolic structure allows for selective functionalization, making it valuable in creating biaryl compounds and conjugated systems for materials science, including organic light-emitting diodes (OLEDs) and semiconducting polymers. The stability of the boronate ester group facilitates handling and storage, enhancing its utility in industrial and research settings.