This chemical is primarily used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds. This makes it valuable in the synthesis of complex organic molecules, including drug candidates and biologically active compounds. Its boronic acid group is essential for coupling with aryl halides, enabling the construction of diverse aromatic structures. Additionally, the tert-butoxycarbonyl (Boc) protecting group ensures selective reactivity during multi-step synthetic processes, making it a versatile tool in medicinal chemistry and material science research.