This compound is primarily used in organic synthesis as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it finds application in the development of sensors and diagnostic agents due to its ability to interact with diols and other biologically relevant molecules. Its tert-butyl group enhances stability and solubility, making it suitable for use in diverse chemical environments.