Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of enzyme inhibitors and receptor antagonists. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the preparation of boron-containing compounds for cancer research and drug discovery. Its boronic acid group makes it valuable in the design of proteasome inhibitors and other therapeutic agents targeting specific biological pathways. Additionally, it is employed in the production of advanced materials and ligands for catalysis in organic chemistry.