Used in organic synthesis as a building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Serves as a fluorescent sensor precursor for detecting biologically relevant molecules such as saccharides and reactive oxygen species. Applied in the development of boronic acid-based probes and bioconjugates due to its ability to reversibly bind diols, making it useful in glucose sensing and targeted drug delivery systems. Also employed in materials science for designing stimuli-responsive polymers and optoelectronic materials.