Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of protease inhibitors and other therapeutic agents. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the preparation of biologically active compounds and in research focused on drug discovery and development. Its boronic ester functionality makes it valuable in the design of sensors and materials for detecting specific analytes.