Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting various diseases. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the preparation of biologically active compounds and materials for organic electronic devices. Its boronic ester functionality makes it valuable in sensor development for detecting specific analytes in biochemical applications. Additionally, it is utilized in research for creating novel polymers and advanced materials with tailored properties.