This chemical is primarily used in organic synthesis, particularly in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of complex molecules, especially those involving Suzuki-Miyaura cross-coupling reactions. The presence of the tetramethyl-1,3,2-dioxaborolane group makes it a valuable boron reagent, enabling the formation of carbon-carbon bonds, which is crucial in constructing pharmaceutical compounds. Additionally, the tert-butyl carbamate (Boc) protecting group ensures stability during synthetic processes, allowing selective deprotection when needed. Its application is significant in the development of biologically active compounds, including potential drug candidates targeting various diseases.