This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for constructing complex aromatic compounds. Its boronate ester group enables efficient coupling with aryl halides, making it valuable in pharmaceutical and material science research. Additionally, it is employed in the development of advanced polymers and liquid crystals due to its ability to introduce phenol functionalities into molecular structures. The compound is also utilized in the preparation of bioactive molecules and agrochemicals, where its structural features contribute to enhanced stability and reactivity.