Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for creating complex organic compounds. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceuticals, agrochemicals, and material science. It is also employed in the development of sensors and probes for detecting specific molecules due to its ability to interact with diols and other functional groups. Additionally, it serves as a building block in the synthesis of advanced polymers and nanomaterials.