Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of more complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, essential in constructing pharmaceuticals and advanced materials. Additionally, its boronic ester group makes it useful in the development of sensors and diagnostic agents, especially for detecting sugars and other biologically relevant molecules. Its stability and reactivity also make it a candidate for use in polymer chemistry and material science, where it can be incorporated into polymers to modify their properties or create new functional materials.