Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex biaryl compounds. These compounds are essential in pharmaceuticals, agrochemicals, and materials science. It also serves as a building block for developing fluorescent probes and sensors, aiding in biochemical research and diagnostics. Its boronic acid group enables selective binding to diols, making it useful in carbohydrate recognition and glycobiology studies. Additionally, it is employed in the preparation of organic electronic materials, contributing to advancements in OLEDs and other optoelectronic devices.