Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid group enables coupling with aryl or vinyl halides, making it valuable in pharmaceutical and agrochemical industries for constructing complex molecules. The cyclopentylmethyl moiety can enhance lipophilicity and metabolic stability in drug design, useful in developing bioactive compounds. Also employed in the synthesis of boron-containing compounds for materials science and medicinal chemistry applications.