Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active 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 research settings for the preparation of drug candidates targeting cancer and inflammatory diseases. Also utilized in the design of sensors and probes due to the unique reactivity of the boronic acid moiety with diols and other functional groups.