Used primarily in organic synthesis as a key intermediate for cross-coupling reactions, such as Suzuki-Miyaura coupling, to form carbon-carbon bonds. It is valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables selective reactions with halides or triflates, making it essential for creating complex organic molecules. Additionally, it finds applications in the development of sensors and molecular recognition systems due to its ability to interact with diols and other functional groups.