This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent. It is valuable for constructing carbon-carbon bonds, especially in the synthesis of complex molecules such as pharmaceuticals, agrochemicals, and advanced materials. The presence of the Boc (tert-butoxycarbonyl) protecting group ensures stability during reactions, while the boronic acid moiety facilitates coupling with aryl or vinyl halides. Its application is also seen in the development of bioactive compounds and in medicinal chemistry research for creating potential drug candidates.