Used as a key reagent in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of biaryl compounds widely applied in pharmaceuticals and organic electronics. It serves as a boronic acid precursor in the preparation of complex molecules, particularly in drug discovery for creating bioactive compounds. Its stability and reactivity make it valuable in the development of sensors and probes for detecting sugars and other analytes in biochemical research. Additionally, it is employed in materials science for modifying surfaces and creating functionalized polymers with specific properties.