Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of biologically active compounds. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This chemical is valuable in the development of drugs targeting various diseases, including cancer and neurological disorders. Its boronic acid group enhances its utility in medicinal chemistry by facilitating interactions with biological targets. Additionally, it is employed in research to create novel compounds for drug discovery and development.