This chemical is primarily used in the field of medicinal chemistry and drug development, particularly in the synthesis of boron-containing compounds. Its boronic acid functional group makes it valuable in the design of protease inhibitors, which are crucial in treating diseases like cancer, HIV, and hypertension. The compound is also employed in Suzuki-Miyaura cross-coupling reactions, a widely used method in organic synthesis to create complex molecules for pharmaceuticals. Additionally, its tert-butoxycarbonyl (Boc) protecting group allows for selective reactions, making it a versatile intermediate in peptide synthesis. Its applications extend to the development of boron neutron capture therapy (BNCT) agents, a targeted cancer treatment approach.