Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals, particularly in the development of kinase inhibitors. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. This compound is also employed in the synthesis of bioactive compounds targeting cancer and inflammatory diseases. Its boronic acid group facilitates interactions with biological targets, making it valuable in drug discovery and medicinal chemistry research.