Used as an intermediate in pharmaceutical synthesis, particularly in the preparation of bioactive molecules and drug candidates. Its boron-containing heterocycle enables participation in cross-coupling reactions, making it valuable in medicinal chemistry for constructing carbon–carbon bonds. Commonly employed in Suzuki–Miyaura coupling reactions to build complex aromatic frameworks found in therapeutic agents. Also utilized in the development of boron-based compounds for potential applications in neutron capture therapy and fluorescent sensors due to the unique electronic properties of the boron center.