This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in creating complex organic molecules. Additionally, it is utilized in the development of sensors and probes due to its ability to interact with diols and other functional groups, making it useful in biochemical and analytical applications.