This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the synthesis of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it finds use in material science for developing advanced polymers and organic electronic materials. The presence of the tert-butoxy groups enhances its stability and reactivity, making it suitable for applications requiring precise and controlled chemical transformations.