This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. The boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, its tert-butoxycarbonyl (Boc) protecting group enhances stability during synthetic processes, allowing for selective deprotection when needed. This compound is especially useful in medicinal chemistry for developing drug candidates with improved efficacy and selectivity.