Used in organic synthesis as a key reagent in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds, especially in the preparation of biaryl compounds. Its boronic acid group facilitates palladium-catalyzed coupling with aryl halides, making it valuable in pharmaceutical and materials chemistry. Commonly employed in the development of organic semiconductors, liquid crystals, and complex polycyclic aromatic systems. Also utilized in sensor design for detecting diols and carbohydrates due to boronic acid-diol interactions.