Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex molecules. Its boronic acid group makes it highly reactive and selective in these coupling processes. Additionally, it is employed in the development of pyrimidine derivatives, which are crucial in designing drugs targeting specific biological pathways, such as enzyme inhibition or receptor modulation.