Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, which is widely applied in the pharmaceutical industry for creating carbon-carbon bonds. Its boronic acid group enables selective binding to diols and sugars, making it valuable in carbohydrate chemistry and sensor development. Additionally, it serves as a building block in the synthesis of bioactive compounds, including potential drug candidates targeting diseases such as cancer and inflammation. Its phenylboronic acid moiety is also utilized in materials science for designing functional polymers and hydrogels.