Used in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions. This reaction is widely applied in the pharmaceutical industry to create biaryl compounds, which are essential in drug development. It also plays a role in material science for designing advanced polymers and organic electronic materials. Its boronic acid group enables selective binding to diols, making it useful in sensor technologies for detecting sugars and other biomolecules. Additionally, it’s employed in the preparation of complex molecules for agrochemical research and development.