Used in organic synthesis as a key intermediate for the preparation of various pharmaceutical compounds, particularly in the development of kinase inhibitors. It is also employed in Suzuki-Miyaura cross-coupling reactions to create complex molecules for drug discovery and material science. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing bioactive molecules and functional materials. Additionally, it plays a role in the development of targeted cancer therapies and other medicinal agents.