Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of enzyme inhibitors and receptor antagonists. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the preparation of bioactive compounds targeting diseases such as cancer, inflammation, and infections. Its boronic acid group makes it valuable in sensor technologies for detecting sugars and other analytes. Additionally, it is utilized in materials science for creating advanced polymers and coatings with specific functional properties.