Used in pharmaceutical synthesis as a key intermediate for developing bioactive molecules, particularly in the production of kinase inhibitors and antiviral agents. Its boronic acid functional group enables Suzuki-Miyaura cross-coupling reactions, making it valuable in medicinal chemistry for constructing carbon-carbon bonds. Commonly applied in the development of drug candidates targeting inflammatory diseases and certain cancers. Also utilized in the synthesis of fluorescent probes for biochemical imaging due to its favorable reactivity and structural compatibility with heterocyclic systems.