This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of sensors and probes for detecting sugars and other biomolecules due to its ability to form reversible complexes with diols. In material science, it is utilized in the creation of organic electronic devices and polymers, contributing to the advancement of flexible electronics and optoelectronic materials. Its versatility and reactivity make it a crucial component in various research and industrial applications.