Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. It also finds application in material science for creating advanced polymers and functional materials. The pinacol ester moiety enhances stability, facilitating handling and storage during synthetic processes. Its specific structure allows for selective reactions, aiding in the precise design of target compounds.