Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex molecules. It is particularly valuable in the development of drugs targeting central nervous system disorders due to its pyrrolidino and pyridine moieties, which enhance binding affinity to biological targets. Additionally, it is employed in material science for creating advanced polymers and catalysts with tailored properties.