Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. It facilitates the formation of carbon-carbon bonds, enabling the construction of biaryl structures, which are prevalent in pharmaceuticals and agrochemicals. Its boronic acid group is essential for coupling with aryl halides, while the formyl group offers a reactive site for further functionalization. This makes it valuable in the development of drug candidates and advanced materials. Additionally, its benzyloxy group provides protection for phenolic hydroxyl groups during multi-step synthetic processes.