Used in organic synthesis as a building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Its boronic acid group facilitates coupling with aryl halides, making it valuable in creating complex aromatic structures. Additionally, the boronic acid moiety can specifically bind to diols, serving as a starting material for developing sugar sensors or molecules with diol groups, suitable for targeted drug delivery systems or environmentally responsive materials. The hydroxypropyl side chain allows for further functionalization or improved solubility, useful in drug design and material science applications.