Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create biaryl compounds, which are important in pharmaceuticals and agrochemicals. Acts as a key intermediate in the production of various active pharmaceutical ingredients (APIs). Applied in the development of sensors and diagnostic agents due to its ability to bind with specific biomolecules. Also utilized in material science for the modification of surfaces and creation of advanced polymers. Its boronic acid group enables it to participate in dynamic covalent chemistry, making it valuable in self-healing materials and smart drug delivery systems.