Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is also employed in medicinal chemistry research for designing and optimizing drug candidates, especially those targeting specific enzymes or receptors. Its boronic acid group enhances its utility in bioconjugation and drug delivery systems.