Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create carbon-carbon bonds in pharmaceuticals and agrochemicals. It acts as a key intermediate in the production of complex organic compounds, enabling the introduction of aryl groups into target molecules. Its boronic acid group facilitates efficient coupling with various halides, making it valuable in drug discovery and material science. Additionally, it is employed in the development of sensors and diagnostics due to its ability to interact with diols and other functional groups.