Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely applied in pharmaceutical research to create carbon-carbon bonds, enabling the development of drug candidates. It is also employed in material science for designing organic electronic materials and polymers. Its boronic acid group allows for selective binding to diols, making it useful in biochemical applications such as glucose sensing. Additionally, it serves as a building block in the synthesis of bioactive compounds and agrochemicals.