Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its boronic acid functionality allows for efficient carbon-carbon bond formation under mild conditions. Commonly employed in the preparation of biaryl compounds, which are structural motifs in active pharmaceutical ingredients. Also utilized in the development of sensors and functional materials due to its selective reactivity with diols and ability to be incorporated into polymers.