Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and biologically active compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the creation of complex molecules. This compound is also employed in the development of inhibitors and ligands for drug discovery, especially in targeting enzymes and receptors. Its boronic acid group enhances its reactivity and versatility in medicinal chemistry applications.