This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. The tert-butyldimethylsilyl (TBDMS) group acts as a protecting group for the hydroxyl functionality, allowing selective reactions to occur at the boronic acid site. This makes it valuable in the synthesis of bioactive compounds, including drugs and agrochemicals. Additionally, its stability and reactivity make it suitable for creating advanced materials and polymers.