Used in organic synthesis as a reagent for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the production of complex organic molecules. It is also employed in the development of sensors for detecting sugars and other diol-containing compounds due to its boronic acid group, which forms reversible covalent bonds with cis-diols. Additionally, it finds application in the preparation of pharmaceutical intermediates and in materials science for creating functionalized polymers and coatings.