Used as an intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable for constructing complex molecular structures. Additionally, it may serve as a building block in the development of bioactive compounds, including potential drug candidates, due to its phenol and boronic acid functionalities. The compound is also utilized in research for creating novel polymers and materials with specific properties.