Used as a key intermediate in pharmaceutical synthesis, particularly in the preparation of kinase inhibitors and other biologically active compounds. Its boronic acid functionality enables participation in Suzuki-Miyaura cross-coupling reactions, allowing for efficient carbon-carbon bond formation in drug development. Commonly employed in the synthesis of nitrogen-containing heterocyclic systems, which are prevalent in modern therapeutic agents. Also utilized in the development of agrochemicals and functional materials due to its structural versatility and reactivity in palladium-catalyzed transformations.