Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex biaryl compounds. These compounds are essential in pharmaceuticals, agrochemicals, and material science. It also serves as a building block for developing bioactive molecules and functional materials. Its boronic acid group enables selective binding to diols, making it useful in carbohydrate recognition and sensor applications. Additionally, it plays a role in the preparation of advanced polymers and coatings with tailored properties.