Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create biaryl compounds. These compounds are essential in pharmaceuticals, agrochemicals, and materials science. It also serves as a building block for designing sensors and probes due to its boronic acid group, which can selectively bind to diols and sugars. Applied in the development of glucose-sensitive devices for diabetes management. Additionally, it plays a role in the preparation of advanced polymers and functionalized materials.