Used in organic synthesis as a key intermediate for the development of pharmaceutical compounds, particularly in the creation of kinase inhibitors. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. This compound is also utilized in the research of potential treatments for cancers and other diseases by targeting specific biochemical pathways. Its boronic acid group enhances its ability to interact with biological targets, making it valuable in drug discovery and medicinal chemistry.