Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds for pharmaceutical and agrochemical development. Serves as a building block in the preparation of biologically active compounds, including potential drug candidates targeting proteases and other enzymes. Its boronic acid group allows for reversible interactions with diols, making it useful in sensor design and carbohydrate recognition. Also applied in materials science for constructing boron-containing functional materials.