Used in organic synthesis as a building block for creating complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for forming carbon-carbon bonds in pharmaceuticals and materials science. It serves as a key intermediate in the production of bioactive compounds, including drugs and agrochemicals. Additionally, it is employed in the development of sensors and diagnostic tools due to its ability to interact with diols and sugars, making it useful in glucose detection and other biochemical applications. Its boronic acid group also enables its use in polymer chemistry for creating functional materials with specific properties.