Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the production of enzyme inhibitors and antiviral agents. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, which are essential for creating complex organic molecules in drug development. Additionally, it is employed in the preparation of boron-containing compounds for cancer therapy and diagnostic imaging. Its boronic acid functionality makes it valuable in glucose sensing applications, particularly in the development of continuous glucose monitoring systems for diabetes management. Also utilized in material science for modifying surfaces and creating functional polymers with specific binding properties.