Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronic ester structure offers improved stability and handling compared to the parent boronic acid, making it suitable for large-scale applications. Commonly employed in the preparation of conjugated aromatic systems found in organic electronic materials and bioactive molecules. The neopentylglycol ester group enhances crystallinity, facilitating purification and storage.