This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly in the synthesis of kinase inhibitors. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery. Additionally, its structural features make it valuable in designing compounds targeting specific enzymes or receptors, contributing to the development of potential therapeutic agents for diseases such as cancer and inflammatory disorders. Its role in medicinal chemistry underscores its importance in advancing novel drug candidates.