This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it serves as a key intermediate for forming carbon-carbon bonds. Its tetrahydropyranyl group provides stability and protection, making it useful in constructing complex organic molecules, especially in pharmaceutical research and development. Additionally, it is employed in material science for creating advanced polymers and functionalized materials. Its boronic ester functionality also makes it valuable in sensing applications, particularly in detecting and binding specific analytes in biochemical studies.