Used in organic synthesis as a key intermediate for the preparation of various biologically active compounds. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to create complex molecules. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in the development of drugs and agrochemicals. Additionally, it is utilized in the synthesis of peptide derivatives and as a building block for materials in medicinal chemistry research.