Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals, particularly in the development of drugs targeting inflammation and autoimmune diseases. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely utilized method for forming carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it finds application in the production of advanced materials, such as polymers and sensors, due to its ability to interact with diols and other functional groups. Its specific structure, featuring a cyclopentyloxy group, can enhance the stability and bioavailability of the resulting compounds.