Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and bioactive compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to create carbon-carbon bonds in the development of complex organic molecules. Its boronic acid group facilitates efficient coupling with aryl halides, making it essential in the production of drugs, agrochemicals, and advanced materials. Additionally, it finds applications in the synthesis of fluorescent probes and sensors due to its ability to interact with diols and other functional groups.