Used as a key reagent in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to form carbon-carbon bonds efficiently. Its boronic acid group enables it to act as a coupling partner with aryl halides, facilitating the creation of biaryl compounds, which are essential in pharmaceuticals and material science. Additionally, it is employed in the development of sensors and probes due to its ability to interact with diols and sugars, making it useful in biochemical assays. Its structural features also make it a candidate for designing advanced materials and drug delivery systems.