Used in organic synthesis as a key reagent for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. Commonly employed in the preparation of biaryl compounds, which are important in pharmaceuticals and materials science. Acts as a boronic acid derivative in the development of sensors for detecting sugars and other diols due to its ability to form stable cyclic esters. Applied in the production of advanced polymers and coatings, enhancing their functional properties. Also utilized in medicinal chemistry for the design of enzyme inhibitors and drug candidates, particularly in targeting diseases like cancer and diabetes.