Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of kinase inhibitors that target specific enzymes involved in cancer and inflammatory diseases. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This chemical is also utilized in the preparation of bioactive molecules for drug discovery and in the modification of nucleosides for potential antiviral or anticancer agents. Its boronic acid group allows for versatile reactivity, making it valuable in medicinal chemistry and material science research.