Used in organic synthesis as a versatile intermediate for the preparation of various pharmaceuticals and biologically active compounds. It serves as a key building block in the development of boron-containing molecules, which are valuable in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed in the synthesis of complex organic molecules, including drug candidates and agrochemicals. Additionally, its boronic ester functional group makes it useful in the design of protease inhibitors and other therapeutic agents targeting specific enzymes. Its application extends to material science, where it contributes to the creation of advanced materials with unique properties.