Used in organic synthesis as a building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceuticals and agrochemicals. Commonly employed in the development of biaryl compounds, which are key structural motifs in drug discovery. Also applied in materials science for creating conjugated systems in organic electronics. Its boronic acid group allows for reversible interactions with diols, making it useful in sensor design and molecular recognition applications.