Used in biochemical research as a fluorescent probe precursor, particularly in the development of sensors for detecting biologically relevant molecules such as sugars and enzyme substrates. Its boronic acid group enables reversible binding with diols, making it suitable for designing glucose sensing systems. Commonly employed in the synthesis of BODIPY dyes and other fluorescent tags used in cellular imaging. Also utilized in medicinal chemistry for constructing enzyme inhibitors and targeted drug delivery systems due to its ability to cross cell membranes and interact with specific biomolecules.