This compound is primarily utilized in organic synthesis, particularly in the field of medicinal chemistry, where it serves as a key intermediate in the development of pharmaceutical agents. Its boronic acid group makes it valuable for Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is essential in constructing complex molecules, including bioactive compounds and drug candidates. Additionally, the tert-butoxycarbonyl (Boc) protecting group enhances its stability and facilitates selective reactions, making it a versatile building block in multi-step synthetic processes. Its applications extend to the synthesis of heterocyclic compounds, which are often found in drugs targeting various diseases.