Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create biaryl compounds, which are essential in pharmaceuticals and materials science. It serves as a key intermediate in the production of organic electronic materials, such as OLEDs and semiconductors, due to its ability to form stable carbon-carbon bonds. Additionally, it is employed in the development of sensors and molecular recognition systems, leveraging its boronic acid groups for selective binding to diols and other analytes. Its versatility also extends to polymer chemistry, where it is used to synthesize advanced polymers with specific properties.