Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of protease inhibitors and other bioactive molecules. Its boronic acid functionality enables participation in Suzuki-Miyaura cross-coupling reactions, making it valuable in medicinal chemistry for constructing carbon-carbon bonds. Commonly employed in the preparation of enzyme inhibitors, especially those targeting serine proteases, due to the ability of boronic acids to form reversible covalent interactions with active site residues. Also utilized in the design of sensors and functional materials where selective binding or catalytic activity is required.