Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that target specific diseases. It plays a role in Suzuki-Miyaura cross-coupling reactions, a widely used method in organic chemistry to form carbon-carbon bonds, enabling the creation of complex molecules.

In material science, it contributes to the development of advanced polymers and organic electronic materials, enhancing properties like conductivity and stability. Additionally, it is utilized in agrochemical research for designing novel pesticides and herbicides, improving crop protection and yield. Its boronic acid group makes it valuable in chemical sensing applications, where it can selectively bind to diols and sugars, aiding in the detection of biological molecules.

Handling requires care due to the presence of varying amounts of anhydride, which can influence reactivity and stability in different applications.