Used as an intermediate in the synthesis of boron-containing compounds, particularly in the development of pharmaceuticals. It plays a role in creating potential therapeutic agents, especially in the field of antifungal and antibacterial treatments. The compound is also utilized in research for designing enzyme inhibitors, leveraging its boronic acid functionality to interact with biological targets. Its application extends to the study of boron-based drugs, which are explored for their unique mechanisms of action in treating various diseases.