Used primarily in organic synthesis, this compound serves as a versatile reagent for forming carbon-carbon bonds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex biaryl structures. Its boronic acid group facilitates the coupling with aryl halides, while the nitro and carboxyl groups enhance reactivity and selectivity. Additionally, it finds applications in the development of pharmaceutical intermediates and materials science, where its functional groups allow for further derivatization. It also has utility in analytical chemistry due to its ability to bind with diol groups, such as in sugars, for detecting carbohydrates in biological samples and developing precise, rapid laboratory assays. Its stability and reactivity make it a useful tool in research and industrial processes.