Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of boron-containing drugs. Plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. Applied in the preparation of biologically active compounds and materials for medicinal chemistry research. Also utilized in the design of sensors and probes for detecting specific analytes in biochemical studies. Its boronic acid group is essential for targeting and binding to diols, making it useful in glucose sensing and other diagnostic applications.