This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. The boronic acid group enables the formation of carbon-carbon bonds, facilitating the synthesis of biaryl compounds, which are common in drug molecules. The tert-butoxycarbonyl (Boc) protecting group enhances stability during reactions, allowing selective transformations in multi-step synthetic processes. Its application is critical in the production of active pharmaceutical ingredients (APIs) and advanced materials.