Used in organic synthesis as a versatile intermediate for cross-coupling reactions, particularly in Suzuki-Miyaura coupling, to create biaryl compounds. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceutical and agrochemical research. It is also employed in the development of sensors for detecting sugars and other analytes due to its affinity for diols. Additionally, it serves as a building block in the synthesis of complex molecules for material science applications.