Used as a key intermediate in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, which are essential for creating complex molecules. It is also employed in the preparation of metal-organic frameworks (MOFs) due to its ability to form stable coordination bonds with metal ions, making it valuable in materials science for applications like gas storage and catalysis. Additionally, it serves as a building block in the design of sensors and imaging agents, leveraging its unique chemical properties for biological and analytical applications.