Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex organic compounds. It serves as a key intermediate in pharmaceutical research, aiding in the development of new drugs. The compound is also valuable in material science for designing advanced polymers and electronic materials. Its boronic acid group allows for precise binding with diols, making it useful in sensor technology for detecting sugars and other analytes. Additionally, it plays a role in agrochemical research for developing novel pesticides and herbicides.