Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of sulfonylurea-based drugs. It plays an important role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in medicinal chemistry. Its boronic acid functionality allows for selective and efficient coupling with aryl halides, making it valuable in creating biaryl structures found in bioactive molecules. Commonly applied in research for antidiabetic and anticancer agent development due to its structural compatibility with enzyme inhibitors.