Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of enzyme inhibitors and receptor antagonists. It plays a significant role in organic synthesis, especially in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the creation of complex organic molecules. Its boronic acid group enables it to act as a versatile building block in medicinal chemistry, aiding in the design of drugs targeting conditions like cancer, inflammation, and infectious diseases. Additionally, it is utilized in biochemical research for probing protein interactions and developing diagnostic tools.