This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent to form carbon-carbon bonds. It is valuable in the pharmaceutical industry for constructing complex molecules, including drug intermediates, due to its ability to introduce aryl or heteroaryl groups into target compounds. Additionally, it is employed in the development of bioactive compounds and materials science, where its boronic acid moiety can interact with diols or other functional groups, making it useful in sensors or molecular recognition systems. Its tert-butoxycarbonyl (Boc) protecting group ensures stability during synthetic processes, allowing for selective deprotection when needed.