Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective cross-coupling reactions, making it valuable in Suzuki-Miyaura reactions for forming carbon-carbon bonds in drug discovery. Also employed in the preparation of boron-containing compounds for potential use in neutron capture therapy and sensor technologies due to the affinity of boron for certain biological targets. Its hydroxyl and boronic acid functional groups enable coordination with metals, useful in catalysis and the design of organic frameworks.