Used in organic synthesis as a key intermediate for the preparation of various pharmaceutical compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. Its boronic acid group facilitates the coupling with aryl halides, making it essential in drug discovery and development. Additionally, it serves as a building block in the synthesis of biologically active compounds, including potential therapeutic agents targeting specific diseases. Its protective Cbz group ensures selective reactivity during multi-step synthetic processes.