Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in cross-coupling reactions, such as Suzuki-Miyaura reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. Its boronic acid group facilitates the creation of biologically active molecules, making it valuable in medicinal chemistry research. Additionally, it is employed in the preparation of ligands for metal-catalyzed reactions, contributing to advancements in catalysis and drug discovery.