Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological disorders. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex molecules with potential therapeutic effects. Additionally, it is employed in the development of enzyme inhibitors, aiding in the study of biochemical pathways and disease mechanisms. Its structural properties make it valuable in medicinal chemistry for designing novel compounds with improved efficacy and selectivity.