Used primarily in organic synthesis as a key intermediate for the development of pharmaceuticals, particularly in the production of enzyme inhibitors and receptor antagonists. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial for constructing complex organic molecules. Its boronic acid group facilitates selective binding to biomolecules, making it valuable in targeted drug delivery systems and diagnostic applications. Additionally, it is employed in the synthesis of bioactive compounds for research in medicinal chemistry and drug discovery.