This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a valuable boron-containing intermediate, enabling the formation of carbon-carbon bonds in the construction of complex molecules. Its stability and reactivity make it suitable for use in pharmaceutical research and development, where it aids in the synthesis of biologically active compounds. Additionally, it is employed in materials science for the preparation of advanced organic materials, including polymers and ligands for catalysis. Its tert-butyloxycarbonyl (Boc) protecting group ensures selective reactivity, making it a versatile tool in synthetic chemistry.