Used in organic synthesis as a key intermediate for the preparation of biologically active compounds, particularly in the development of pharmaceuticals. It is often employed in Suzuki-Miyaura cross-coupling reactions to create complex molecules with potential therapeutic properties. Its boronic acid group makes it valuable in constructing carbon-carbon bonds, which is essential in drug discovery and material science. Additionally, it can be utilized in the synthesis of heterocyclic compounds, which are important in medicinal chemistry for their diverse biological activities.