Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of enzyme inhibitors and receptor antagonists. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the production of boron-containing compounds for cancer research and drug discovery. Its boronic acid group allows it to interact with biological targets, making it valuable in medicinal chemistry and biochemical studies. Additionally, it is employed in the preparation of fluorescent probes and sensors for detecting specific analytes in biological systems.