Used as a key reagent in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to form carbon-carbon bonds efficiently. It is also employed in the preparation of pharmaceutical intermediates and bioactive molecules due to its stability and reactivity. Additionally, it serves as a building block in the development of sensors and probes for detecting sugars and other analytes in biochemical research. Its boronic acid group enables it to interact with diols, making it useful in carbohydrate chemistry and glycobiology studies.