Used in organic synthesis as a versatile building block, particularly in Suzuki-Miyaura cross-coupling reactions to create biaryl compounds. It plays a key role in the development of pharmaceuticals, agrochemicals, and functional materials. Its boronic acid group enables it to act as a receptor for diols and sugars, making it useful in glucose sensing and diagnostic applications. Additionally, it is employed in the preparation of metal-organic frameworks (MOFs) and other advanced materials due to its ability to form stable complexes with metals.