Used in the development of glucose-responsive insulin delivery systems due to its ability to bind reversibly with diols, such as those found in glucose. This property makes it valuable in smart hydrogels and biosensors that respond to glucose concentration changes, particularly for diabetes management. It is also employed in Suzuki-Miyaura cross-coupling reactions as a boronic acid derivative in pharmaceutical synthesis. Additionally, it serves as a building block in the preparation of fluorescent probes for detecting sugars and other biologically relevant molecules.