This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boron-containing reagent to form carbon-carbon bonds. Its stability and reactivity make it suitable for constructing complex organic molecules, such as pharmaceuticals and agrochemicals. Additionally, it is employed in the development of sensors and probes for detecting biological molecules, leveraging its boronic acid group's affinity for diols and sugars. This property is useful in glucose monitoring and other biochemical applications. The pinacol ester group enhances its stability, making it easier to handle and store in laboratory settings.