Used in biochemical research as a key reagent for labeling and detecting biomolecules, particularly in glucose-sensing systems due to its ability to bind diols found in sugars. It serves as a molecular linker in the development of biosensors, enabling real-time monitoring of glucose levels in diagnostic devices. Also employed in the synthesis of covalent inhibitors and targeted drug conjugates, where its boronic acid group facilitates selective interactions with biological targets. Commonly utilized in Suzuki-Miyaura cross-coupling reactions for constructing biaryl compounds in medicinal chemistry.