- Used as a key reagent in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. - Acts as a building block for the preparation of pharmaceutical compounds and bioactive molecules. - Employed in the development of sensors and diagnostic tools due to its ability to bind with diols, such as sugars, for glucose monitoring. - Utilized in the creation of advanced materials, including polymers and coatings with specific functional properties. - Plays a role in research involving boron neutron capture therapy (BNCT) for cancer treatment. - Applied in the study of molecular recognition and supramolecular chemistry for designing host-guest systems.