Widely used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceutical research. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable for creating biologically active compounds, such as drug candidates targeting various diseases. Additionally, it is utilized in the development of materials science applications, including the creation of advanced polymers and functionalized surfaces. The tert-butoxycarbonyl (Boc) protecting group ensures stability during synthetic processes, allowing for selective deprotection and further functionalization.