Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely employed in the pharmaceutical industry to create carbon-carbon bonds, enabling the synthesis of biologically active compounds and drug candidates. It is also utilized in material science for the development of organic electronic materials, such as polymers and small molecules for OLEDs and other optoelectronic devices. Additionally, it serves as a building block in agrochemical research for designing novel pesticides and herbicides. Its boronic acid group makes it valuable in sensing applications, where it can interact with diols and other analytes for detection purposes.