This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active compounds, particularly those targeting protease enzymes. Its boronic acid derivative structure makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct complex molecules for pharmaceutical applications. Additionally, it is used in the development of boron-containing drugs, which have shown potential in treating diseases such as cancer and bacterial infections. The compound’s ability to interact with biological targets also makes it useful in the design of enzyme inhibitors and imaging agents.