Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These reactions are essential in pharmaceutical development for constructing carbon-carbon bonds. It also serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it is applied in material science for designing advanced organic materials and polymers. Its boronic acid group enables selective binding, making it useful in sensor development and molecular recognition studies.