Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its boronic acid functional group enables participation in Suzuki-Miyaura cross-coupling reactions, making it valuable in constructing complex aromatic frameworks for drug discovery. Commonly employed in the preparation of potential treatments for cancer, inflammatory diseases, and metabolic disorders due to its ability to modify molecular binding properties. Also utilized in the design of sensors and functional materials where selective molecular recognition is required.