Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. It is particularly useful in the development of kinase inhibitors, which are critical in cancer therapy. Additionally, its structure allows for the creation of targeted drug delivery systems, enhancing the efficacy and specificity of treatments. The compound is also employed in the synthesis of agrochemicals, contributing to the development of new pesticides and herbicides. Its versatility in chemical reactions makes it a valuable tool in medicinal chemistry and drug discovery.