Used in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical development. Its boronic acid group facilitates coupling with aryl halides, making it valuable in constructing biaryl structures found in bioactive molecules. Commonly applied in the synthesis of drug candidates targeting kinase inhibition and anticancer agents. Also utilized in the preparation of labeled compounds for imaging and diagnostic applications due to its reactivity and functional group compatibility.