Used as a key reagent in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. It is also employed in the development of sensors and probes for detecting sugars and other biologically relevant molecules due to its boronic acid group, which can selectively bind to diols. Additionally, it finds application in the preparation of pharmaceutical intermediates and in materials science for modifying surfaces or creating functionalized polymers. Its nitro group enhances its reactivity, making it useful in various catalytic and analytical processes.