Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. Its boronic ester group enhances stability and reactivity, making it suitable for use in drug discovery and development. Additionally, it finds application in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry for designing biologically active molecules.