This compound is primarily used in the development of pharmaceutical agents, particularly as a key intermediate in the synthesis of boron-containing drugs. Its unique structure, which includes a benzoxaborole ring, makes it valuable in the creation of antifungal, antibacterial, and anti-inflammatory medications. It has shown significant potential in targeting specific enzymes or pathways in microbial and inflammatory diseases, enhancing the efficacy of treatments. Additionally, its boron component is instrumental in forming stable interactions with biological targets, improving drug selectivity and reducing side effects. This chemical is also being explored in cancer research, where it may contribute to the development of novel therapies by inhibiting tumor growth or metastasis. Its applications extend to the field of diagnostics, where it can be used in the design of molecular probes for detecting disease markers.