Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the development of pharmaceuticals. It is employed in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial for creating bioactive compounds. Its boronic acid group facilitates selective binding to diols, making it useful in carbohydrate recognition and sensing applications. Additionally, it plays a role in the synthesis of materials for organic electronics and advanced polymers.