Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic ester group enables efficient cross-coupling reactions, such as Suzuki-Miyaura reactions, to form carbon-carbon bonds. This is particularly valuable in the development of complex molecules, including heterocyclic compounds, which are often found in active pharmaceutical ingredients. Additionally, it is utilized in the synthesis of thiazole derivatives, which are important in creating compounds with antimicrobial, antifungal, and anti-inflammatory properties. Its stability and reactivity make it a versatile reagent in medicinal chemistry and drug discovery.