Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds, enabling the creation of complex molecules in pharmaceuticals and agrochemicals. Acts as a key intermediate in the production of biologically active compounds, such as enzyme inhibitors and receptor antagonists. Applied in the development of new drugs targeting cancer, inflammation, and infectious diseases. Also utilized in material science for designing advanced polymers and organic electronic materials. Its boronic acid group facilitates selective binding to diols, making it useful in sensors and diagnostic tools for detecting sugars and other biomolecules.