This chemical is primarily used in organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of various bioactive compounds, particularly in the development of enzyme inhibitors and receptor antagonists. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery. Additionally, it is utilized in the design of proteasome inhibitors, which have potential applications in cancer therapy. Its structure allows for selective binding to biological targets, making it a useful tool in medicinal chemistry for optimizing drug candidates.