Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals, particularly in the development of kinase inhibitors. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. This compound is also valuable in medicinal chemistry for designing and optimizing drug candidates, especially in oncology research. Its boronic ester group enhances stability and reactivity, making it suitable for use in diverse chemical transformations.