Used as a key intermediate in organic synthesis, particularly in the preparation of complex molecules for pharmaceutical research. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which are crucial in developing drugs and bioactive compounds. Its boronic acid group allows for selective interactions with various biomolecules, making it valuable in the design of enzyme inhibitors and receptor-targeted therapies. Additionally, it is employed in the development of fluorescent probes and sensors for detecting specific analytes in biological and environmental samples.