Used in organic synthesis as a key intermediate for the development of pharmaceuticals, particularly in the creation of kinase inhibitors. Its boronate ester group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of complex molecules. This compound is valuable in medicinal chemistry for designing and optimizing drug candidates targeting various diseases, including cancer and inflammatory conditions. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science.