Used in organic synthesis as a building block for creating complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for forming carbon-carbon bonds in pharmaceuticals and advanced materials. It is also employed in the development of sensors and diagnostic tools due to its ability to interact with diols and sugars, making it useful in glucose detection and other biochemical applications. Additionally, it serves as a key intermediate in the production of liquid crystals, which are critical components in displays and optical devices. Its boronic acid group enables it to act as a ligand in catalysis, enhancing the efficiency of various chemical processes.