Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, it serves as a key intermediate for creating biaryl compounds. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, the N-Boc protecting group ensures stability during reactions, allowing for selective deprotection when needed. This compound is also employed in the synthesis of complex molecules, including natural products and materials with potential applications in electronics and catalysis. Its versatility makes it a crucial tool in modern synthetic chemistry.