This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of complex organic molecules, including pharmaceuticals and agrochemicals. The allyloxy group adds versatility, allowing for further functionalization or polymerization in advanced material synthesis. Additionally, it is employed in the development of sensors and probes due to its ability to interact with diols and other target molecules, making it useful in biochemical and analytical applications.