This compound is primarily utilized as a key intermediate in organic synthesis, particularly in the formation of carbon-carbon bonds through Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables it to act as a versatile reagent in the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it finds application in the development of advanced materials, such as polymers and liquid crystals, where precise molecular architecture is essential. Its benzyloxy group also provides stability and reactivity, making it suitable for use in various catalytic processes and as a building block in medicinal chemistry for drug discovery and development.