Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the production of complex organic molecules. This compound is also utilized in the development of sensors and materials for detecting specific analytes due to its boronic acid functional group, which can interact with diols and other target molecules. Additionally, it finds application in the research and development of new drug candidates, especially in the field of oncology and metabolic disorders.