Used in organic synthesis as a versatile building block, particularly in Suzuki-Miyaura cross-coupling reactions to form biaryl compounds. It exhibits good stability and solubility in organic solvents, making it suitable for synthesizing complex compounds such as pharmaceuticals, agrochemicals, and electronic materials. It is valuable in pharmaceutical research for creating complex molecules and intermediates. Also employed in material science for developing organic electronic materials and polymers. Its boronic ester group makes it useful in sensing applications, especially for detecting sugars and other diol-containing compounds.