Used in medicinal chemistry as a key intermediate for synthesizing boron-containing compounds that show promise in antibacterial and antifungal treatments. Its structure allows for selective targeting in biological systems, making it valuable in the development of novel therapeutics, particularly in drugs aimed at resistant microbial strains. Also explored in research for potential applications in boron neutron capture therapy (BNCT) due to the presence of boron, which can localize in tumor cells.