Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group facilitates the coupling with aryl halides, while the thiol group allows for further functionalization or conjugation with other molecules. This compound is also employed in the development of biosensors, leveraging its ability to bind with diols and sugars, making it useful for detecting glucose and other biomolecules. Additionally, it finds application in the preparation of advanced materials, such as polymers and nanoparticles, where its dual functionality enables precise control over molecular architecture.