Used in organic synthesis as a key intermediate for the development of pharmaceuticals, particularly in the creation of kinase inhibitors that target specific cellular pathways. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery. Additionally, it is employed in the design of bioactive molecules for research in oncology and neurodegenerative diseases due to its structural versatility and ability to interact with biological targets.