Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the development of pharmaceuticals and bioactive compounds. It plays a role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial for constructing drug candidates and other organic materials. Its boronic acid group facilitates selective binding to biological targets, making it valuable in drug discovery and medicinal chemistry. Additionally, it is utilized in the design of sensors and probes for detecting specific analytes in biochemical research.