Used as a key intermediate in the synthesis of organic electronic materials, particularly in the production of conjugated polymers for organic light-emitting diodes (OLEDs) and organic field-effect transistors (OFETs). It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. Additionally, it is employed in the development of sensors and probes for detecting sugars and other biologically relevant molecules due to its ability to form stable complexes with diols. Its boronic acid groups also make it useful in the preparation of covalent organic frameworks (COFs) for applications in gas storage, catalysis, and separation processes.