Used in organic synthesis as a key intermediate for producing pharmaceuticals, particularly in the development of kinase inhibitors. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. Its boronic ester group enhances stability and reactivity, making it valuable in medicinal chemistry for designing targeted therapies. Additionally, it is utilized in research for creating novel compounds with potential applications in treating cancer and other diseases.