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 creation of complex organic molecules for drug discovery and material science. Its boronic acid group enables efficient conjugation with other molecules, making it valuable in bioconjugation and labeling applications. Additionally, it is utilized in the preparation of bioactive molecules targeting diseases such as cancer and inflammation.