Used in organic synthesis as a key intermediate for the preparation of various bioactive molecules and pharmaceuticals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic compounds. This chemical is also employed in the development of sensors and probes for detecting specific analytes due to its boronic acid functionality, which can selectively bind to diols and sugars. Additionally, it finds application in material science for the modification of surfaces and the creation of functionalized polymers.