Widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block for constructing biaryl and aryl-alkyl frameworks. Its boronic ester functionality enables efficient carbon-carbon bond formation under mild conditions, making it valuable in pharmaceutical and agrochemical research. The acetic acid group allows for further functionalization or conjugation, enhancing its utility in drug development and material science. Due to its stability and reactivity, it is often employed in the synthesis of complex molecules, including active pharmaceutical ingredients (APIs) and functionalized polymers.