This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for forming carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and organic materials. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable in constructing complex molecules. Additionally, the tert-butoxycarbonyl (Boc) protecting group ensures stability during reactions and can be selectively removed when needed. This chemical is also employed in the development of biologically active compounds, including enzyme inhibitors and receptor ligands, due to its ability to interact with specific biological targets. Its versatility makes it a key reagent in medicinal chemistry and drug discovery.