Used primarily in organic synthesis as a versatile building block, particularly in Suzuki-Miyaura cross-coupling reactions to create biaryl compounds, which are essential in pharmaceuticals and agrochemicals. Its boronic ester group facilitates efficient coupling with aryl halides, enabling the formation of complex organic molecules. Additionally, it serves as a reagent in the development of sensors and probes for detecting biologically relevant molecules, leveraging its ability to interact with diols and other functional groups. The compound’s stability and reactivity make it valuable in medicinal chemistry for designing drug candidates and in material science for synthesizing advanced polymers.