This chemical is widely utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly in the creation of kinase inhibitors. These inhibitors are crucial for targeting specific enzymes involved in signaling pathways, making them valuable in the treatment of cancers and inflammatory diseases. Additionally, its boronate ester functional group makes it a valuable reagent in Suzuki-Miyaura cross-coupling reactions, a widely used method for constructing carbon-carbon bonds in the synthesis of complex organic molecules. Its application extends to the development of novel pharmaceuticals and materials with tailored properties.