Used in organic synthesis as a building block for pharmaceuticals, particularly in the development of kinase inhibitors. It plays a key role in Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex molecules for drug discovery. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in medicinal chemistry for targeting specific biological pathways. Additionally, it is employed in research for designing compounds with potential anti-cancer and anti-inflammatory properties.