Used in organic synthesis as a building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the development of biaryl compounds. Commonly applied in the synthesis of bioactive molecules, including potential drug candidates and functional materials. Also utilized in the preparation of sensors and molecular probes due to its ability to interact with diols and other Lewis bases.