This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are essential in drug development and material science. Additionally, it is employed in the synthesis of fluorescent dyes and sensors due to its ability to form stable complexes with diols and other functional groups. Its applications also extend to polymer chemistry, where it contributes to the development of novel polymers with specific properties.