Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals, particularly those targeting neurological disorders. Its boronic ester group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex drug molecules. Additionally, it is employed in the development of bioactive compounds for research in medicinal chemistry, aiding in the discovery of new therapeutic agents. Its stability and reactivity make it valuable in creating diverse chemical libraries for high-throughput screening in drug discovery.