Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals, particularly in the development of enzyme inhibitors and receptor antagonists. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds in complex molecules. This compound is also employed in the creation of bioactive molecules for research in medicinal chemistry, aiding in the discovery of new drugs targeting specific diseases. Additionally, it is utilized in the development of sensors and probes for detecting biological molecules due to its boronic acid group, which can interact with diols and other functional groups.