Used in organic synthesis as a key intermediate for the preparation of various boron-containing compounds. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group is particularly valuable in creating complex molecular structures with high precision. Additionally, it is employed in the development of sensors and probes for detecting biological molecules due to its ability to interact with diols and other functional groups.