Used in organic synthesis as a building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form biaryl compounds. Its boronic acid group enables efficient carbon-carbon bond formation, making it valuable in drug discovery and development of bioactive molecules. The hydroxymethyl functionality allows further chemical modifications, enhancing its utility in creating diverse molecular structures. Commonly employed in the synthesis of kinase inhibitors and other therapeutic agents.