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, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is also employed in the development of sensors and materials for detecting specific analytes due to its boronic acid group, which can interact with diols and other functional groups. Additionally, it finds application in the research and production of bioactive compounds, including potential drug candidates targeting diseases such as cancer and diabetes. Its versatility makes it a useful tool in medicinal chemistry and material science.