Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its functional groups enable selective cross-coupling reactions, making it valuable in Suzuki-Miyaura coupling processes for constructing biaryl structures in drug discovery. The aldehyde and boronic acid groups allow for further derivatization, facilitating the creation of complex molecules in medicinal chemistry research. Commonly employed in the preparation of protease inhibitors and anti-inflammatory agents due to its ability to fine-tune molecular binding properties.