Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of biaryl compounds in pharmaceutical and agrochemical research. It serves as a building block in organic synthesis for creating complex molecules with potential biological activity. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in drug discovery and material science. Additionally, it is employed in the development of sensors and catalysts due to its ability to interact with diols and other functional groups.