Used in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the production of complex organic molecules. It is particularly valuable in the pharmaceutical industry for creating biologically active compounds, including potential drug candidates, and in the agrochemical sector for developing effective pesticides and herbicides. Additionally, it finds applications in materials science for developing advanced polymers and electronic materials. Its boronic acid group allows for selective binding with diols, making it useful in sensor technologies and diagnostic tools.