Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of pharmaceuticals, particularly in the development of drugs targeting neurological disorders and cancer. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex molecules. Additionally, it is employed in the synthesis of biologically active compounds, aiding in the discovery of new therapeutic agents. Its structural features make it valuable in medicinal chemistry research for optimizing drug efficacy and selectivity.