Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is also employed in the development of fluorescent probes and sensors due to its ability to interact with specific analytes. Additionally, it finds applications in materials science for the synthesis of advanced polymers and organic electronic materials. Its boronic acid group allows for versatile functionalization, making it useful in diverse research and industrial processes.