Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of biologically active compounds. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, which are essential for creating complex organic molecules. This chemical is valuable in medicinal chemistry for designing drug candidates, especially those targeting central nervous system disorders. Its boronic ester group enhances stability and reactivity, making it suitable for various organic transformations. Additionally, it is utilized in research for developing new therapeutic agents and optimizing drug delivery systems.