Used as a key intermediate in pharmaceutical synthesis, particularly in the production of thrombin inhibitors and other cardiovascular drugs. Its boronic acid functionality enables Suzuki-Miyaura cross-coupling reactions, making it valuable in forming carbon-carbon bonds during the development of complex organic molecules. Commonly employed in research and development of active pharmaceutical ingredients (APIs) due to its reactivity with halogenated aromatics under palladium catalysis. Also utilized in the synthesis of heterocyclic compounds for medicinal chemistry applications.