Widely used in cross-coupling reactions, this compound serves as a key building block in the synthesis of bioactive molecules and pharmaceuticals. Its strained bicyclic structure enables the formation of meta-substituted arenes and acyclic analogs that are difficult to access through traditional methods. It is particularly valuable in drug discovery for generating three-dimensional molecular architectures with improved physicochemical properties. The boronate ester groups allow for efficient Suzuki-Miyaura coupling, making it ideal for constructing complex organic frameworks in medicinal chemistry and materials science.