This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for creating carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group acts as a key intermediate, enabling the formation of complex organic compounds. Additionally, it is employed in the development of sensors and diagnostic tools due to its ability to interact with diols and sugars, making it useful in glucose monitoring and other biochemical assays. Its stability and reactivity also make it a valuable component in research and industrial applications involving catalysis and molecular recognition.