Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to construct biaryl frameworks found in pharmaceuticals and agrochemicals. Serves as a building block for sensors and functional materials due to the reactivity of the boronic acid group with diols, enabling applications in carbohydrate detection and glucose sensing. Its allyloxy moiety allows for further modification via hydroboration or radical reactions, making it valuable in the development of complex organic molecules and intermediates in medicinal chemistry.