Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is particularly valuable in the development of bioactive compounds, including potential drugs targeting specific diseases. Additionally, it is utilized in material science for the synthesis of advanced polymers and organic electronic materials. Its boronic acid group allows for selective interactions with diols, making it useful in sensor technologies for detecting sugars and other biomolecules.