Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of protease inhibitors. Its boronic acid functional group enables reversible interactions with biological targets such as enzymes, making it valuable in drug design for conditions like diabetes and viral infections. Commonly employed in Suzuki-Miyaura cross-coupling reactions to construct complex organic molecules in medicinal chemistry research. Also utilized in the preparation of sensors and bioactive molecules due to its ability to bind diols and participate in selective molecular recognition.