Used in organic synthesis as a building block for pharmaceuticals and bioactive compounds. Its boronic acid group enables Suzuki-Miyaura cross-coupling reactions, making it valuable in drug development for forming carbon-carbon bonds. Commonly applied in the preparation of protease inhibitors and kinase inhibitors due to its ability to interact with biological targets. Also utilized in the synthesis of sensors and functional materials where selective binding or conjugation is required. The presence of both amide and ester functionalities allows for further chemical modifications, enhancing its versatility in medicinal chemistry and material science.