Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of kinase inhibitors. Its boronic acid ester group allows it to participate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex drug molecules. This compound is also valuable in medicinal chemistry for creating heterocyclic compounds with potential therapeutic applications. Additionally, it serves as a building block in the preparation of biologically active molecules targeting diseases like cancer and inflammation. Its versatility in organic synthesis makes it a crucial tool for researchers in drug discovery and development.