Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other bioactive molecules. Its boronic acid functional group enables participation in Suzuki-Miyaura cross-coupling reactions, making it valuable in medicinal chemistry for constructing carbon-carbon bonds. Commonly employed in the preparation of protease inhibitors and targeted cancer therapies. Also utilized in the design of sensors and molecular probes due to its ability to bind diols, useful in carbohydrate detection and biochemical assays.