This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. The tetrahydropyranyl (THP) protecting group in its structure allows for selective deprotection, enabling controlled reactions in multi-step synthesis processes. It is also employed in the development of boron-containing compounds, which are increasingly important in drug discovery and material science. Additionally, its boronic acid moiety makes it valuable in the preparation of sensors and catalysts, particularly in asymmetric synthesis and molecular recognition applications.