Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the production of complex organic molecules. Additionally, it finds application in the development of OLED materials and other advanced electronic components due to its ability to modify and enhance the properties of organic compounds. Its boronic acid group also makes it useful in sensing applications, such as glucose detection in medical diagnostics.