Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl structures. It serves as a key intermediate in pharmaceutical research, aiding in the development of new drugs. Also employed in material science for constructing advanced organic frameworks and polymers. Its boronic acid group enables selective binding to diols, making it useful in biochemical assays and sensor development. Additionally, it plays a role in catalysis and the study of enzyme inhibition mechanisms.