Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive compounds. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. Additionally, it is utilized in the development of sensors and diagnostic tools due to its ability to bind diols, making it valuable for glucose detection in medical applications. Its boronic acid group also contributes to its use in materials science, such as in the creation of self-healing polymers and advanced coatings.