Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions, which are vital for creating pharmaceuticals and agrochemicals. Acts as a ligand in catalysis, enhancing reaction efficiency and selectivity. Applied in materials science for developing organic electronic devices due to its boronic acid group, which facilitates binding to diols and other functional groups. Also utilized in biochemical research for probing and modifying biomolecules, aiding in the study of cellular processes and drug discovery. Its unique structure enables applications in sensor development for detecting sugars and other analytes.