This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to form stable bonds with various organic compounds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as a key intermediate in the development of biologically active molecules, aiding in drug discovery and medicinal chemistry research. Its benzyloxycarbonyl protecting group ensures selective reactivity in multi-step synthetic processes.