Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely applied in the pharmaceutical industry for creating carbon-carbon bonds, essential in drug development. It also finds use in material science for designing advanced polymers and organic electronic materials. Its boronic acid group enables selective binding to diols, making it useful in sensor technologies for detecting sugars and other biomolecules. Additionally, it serves as a building block in the synthesis of bioactive compounds and catalysts.