This chemical is widely utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This is crucial in synthesizing drug intermediates, agrochemicals, and advanced materials. Additionally, it is employed in the development of sensors and ligands for catalytic processes, owing to its ability to interact with various organic and inorganic compounds. Its hydroxymethyl group further enhances its reactivity and versatility in chemical transformations.