Widely used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex organic molecules. This compound is instrumental in the production of targeted cancer therapies, where it helps in designing molecules that selectively inhibit specific enzymes involved in tumor growth. Additionally, it finds application in the research and development of anti-inflammatory and antiviral drugs, contributing to advancements in medicinal chemistry.