Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of enzyme inhibitors and receptor antagonists. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds in complex organic molecules. This chemical is also employed in the production of bioactive molecules for research in medicinal chemistry, aiding in the discovery of new drugs targeting diseases like cancer, inflammation, and neurological disorders. Its boronic acid group makes it valuable in the design of sensors and probes for detecting specific biological molecules.