This chemical is primarily used in the field of organic synthesis and bioconjugation. It serves as a versatile reagent for the modification of biomolecules, particularly in the preparation of boron-containing compounds. The boronic acid group enables its application in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. Additionally, it is utilized in the development of targeted drug delivery systems, where it can be conjugated to drugs or imaging agents to enhance specificity towards certain biological targets. Its reactive N-hydroxysuccinimide (NHS) ester moiety allows for efficient coupling with amines, making it valuable for labeling proteins, peptides, and other amine-containing molecules in biochemical research.