Used in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Its boronic acid functionality allows for efficient coupling with aryl halides, making it valuable in constructing complex aromatic systems. Commonly applied in the synthesis of bioactive molecules and functional materials where precise molecular architecture is required. Also utilized in the development of sensors and probes due to its ability to participate in reversible ester formation with diols.