Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting various diseases. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for creating complex organic molecules. This compound is often employed in the production of active pharmaceutical ingredients (APIs) and in medicinal chemistry research for designing and optimizing drug candidates. Additionally, it plays a role in the development of agrochemicals and materials science, contributing to the creation of novel compounds with specific properties.