Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals, particularly in the development of drugs targeting neurological disorders. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex molecular structures. Additionally, it plays a role in the synthesis of fluorinated compounds, which are valuable in medicinal chemistry due to their enhanced bioavailability and metabolic stability. Researchers also utilize it in the study of enzyme inhibitors and receptor modulators, contributing to advancements in drug discovery and therapeutic development.