Used as a key reagent in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of biaryl compounds widely applied in pharmaceuticals and organic electronics. It serves as a building block in the development of drugs, particularly for cancer treatment, due to its ability to interact with biological targets. Also employed in the preparation of sensors and probes for detecting sugars and other analytes in biochemical research. Its boronic acid group facilitates reversible binding with diols, making it useful in glucose monitoring systems. Additionally, it finds application in material science for creating advanced polymers and coatings with specific functional properties.