Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in constructing complex molecular structures. Additionally, it serves as a building block in the development of bioactive compounds and drug candidates, especially in medicinal chemistry research targeting neurological and oncological disorders. The hydrochloride salt form enhances its stability and solubility, making it suitable for various experimental and industrial applications.