Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of enzyme inhibitors and receptor antagonists. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the production of advanced materials, such as organic semiconductors and liquid crystals, due to its boronic acid functionality. Additionally, it finds applications in the preparation of bioconjugates for targeted drug delivery systems. Its unique structure makes it valuable in research and development for creating novel compounds with potential therapeutic properties.