Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical synthesis. Its boronate ester group facilitates coupling with aryl or vinyl halides under palladium catalysis, making it valuable in constructing complex organic molecules, especially non-steroidal anti-inflammatory drug (NSAID) derivatives like naproxen. Commonly employed in medicinal chemistry and process development due to its stability and reactivity profile.