This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing complex molecules, such as pharmaceuticals and agrochemicals. It is often employed in the development of drug candidates, where it serves as a key intermediate in creating biologically active compounds. Additionally, its pyrimidine and pyrrolidine moieties contribute to its potential use in designing molecules with specific binding properties, such as enzyme inhibitors or receptor modulators. Its versatility in synthetic chemistry makes it a useful tool in medicinal chemistry and material science research.