Used as a key reagent in Suzuki-Miyaura cross-coupling reactions, it facilitates the synthesis of biaryl compounds, which are essential in pharmaceuticals and organic electronics. It is also employed in the preparation of functional polymers and materials, particularly those requiring boronic acid groups for sensing or molecular recognition applications. Its vinyl group allows for polymerization, making it useful in creating advanced materials like hydrogels or coatings with specific binding properties. Additionally, it plays a role in developing biosensors and drug delivery systems due to its ability to interact with diols and sugars.