Used as a key intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the creation of complex molecules for drug development. Additionally, it is utilized in the preparation of sensors and materials for detecting and binding specific biological molecules, making it valuable in diagnostic and analytical applications. Its boronic acid group enables it to interact with diols and sugars, contributing to its use in glucose sensing and carbohydrate chemistry.