Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in pharmaceutical research. It is valuable in cross-coupling reactions, such as Suzuki-Miyaura coupling, to form carbon-carbon bonds, enabling the creation of bioactive compounds. Its boronic acid group facilitates efficient and selective coupling with aryl or vinyl halides, making it a versatile tool in drug discovery and development. Additionally, it is employed in the synthesis of ligands for catalytic systems and in the study of enzyme inhibitors, contributing to advancements in medicinal chemistry.