diff --git a/packages/react/core/src/__tests__/useWeakRef-test.tsx b/packages/react/core/src/__tests__/useWeakRef-test.tsx
new file mode 100644
index 00000000..4f55725f
--- /dev/null
+++ b/packages/react/core/src/__tests__/useWeakRef-test.tsx
@@ -0,0 +1,73 @@
+import React from 'react';
+import { act, create } from 'react-test-renderer';
+
+import { renderHook } from '../test-renderer.js';
+import { useWeakRef } from '../useWeakRef.js';
+
+function TestComponent({
+    keyObject,
+    thiefRef,
+}: {
+    keyObject: WeakKey;
+    thiefRef?: React.MutableRefObject<React.MutableRefObject<unknown> | undefined>;
+}) {
+    const weakRef = useWeakRef(keyObject);
+    if (thiefRef) {
+        thiefRef.current = weakRef;
+    }
+    return <>{weakRef.current}</>;
+}
+
+describe('useWeakRef', () => {
+    it('rerenders every component in which it is used when the value of `current` is mutated', async () => {
+        expect.assertions(2);
+        const keyObject = {};
+        const thiefRef: React.MutableRefObject<React.MutableRefObject<unknown> | undefined> = { current: undefined }; // We use this to reach in and grab the ref produced.
+        let testRenderer;
+        await act(() => {
+            testRenderer = create(
+                <>
+                    <TestComponent keyObject={keyObject} thiefRef={thiefRef} />
+                    {'/'}
+                    <TestComponent keyObject={keyObject} />
+                </>
+            );
+        });
+        expect(testRenderer).toMatchInlineSnapshot(`"/"`);
+        await act(() => {
+            const weakRefFromRendererA = thiefRef.current!;
+            // Merely mutating this ref should cause both values to update.
+            weakRefFromRendererA.current = 'updated value';
+        });
+        expect(testRenderer).toMatchInlineSnapshot(`
+            [
+              "updated value",
+              "/",
+              "updated value",
+            ]
+        `);
+    });
+    it('vends the latest value of the ref to new components that mount', async () => {
+        expect.assertions(1);
+        // STEP 1: Set a value on the ref.
+        const keyObject = {};
+        let result: ReturnType<typeof renderHook>['result'];
+        await act(() => {
+            ({ result } = renderHook(() => useWeakRef(keyObject)));
+            if (result.__type === 'error') {
+                fail('`useWeakRef()` threw an unexpected exception');
+            }
+        });
+        await act(() => {
+            const weakRefFromRenderer = result.current! as React.MutableRefObject<unknown>;
+            // Mutating this value should cause a re-render of the hook from above.
+            weakRefFromRenderer.current = 'initial value';
+        });
+        // STEP 2: Ensure that a brand new component receives that value on mount
+        let testRenderer;
+        await act(() => {
+            testRenderer = create(<TestComponent keyObject={keyObject} />);
+        });
+        expect(testRenderer).toMatchInlineSnapshot(`"initial value"`);
+    });
+});
diff --git a/packages/react/core/src/useWeakRef.ts b/packages/react/core/src/useWeakRef.ts
new file mode 100644
index 00000000..3e3de8cc
--- /dev/null
+++ b/packages/react/core/src/useWeakRef.ts
@@ -0,0 +1,71 @@
+import type React from 'react';
+import { useCallback, useRef, useSyncExternalStore } from 'react';
+
+const values = new WeakMap();
+const subscribers = new Map<WeakKey, Set<() => void>>();
+
+function getServerSnapshot() {
+    return { current: undefined };
+}
+
+function createMutableRef<TValue>(keyObj: WeakKey): React.MutableRefObject<TValue | undefined> {
+    return {
+        get current(): TValue | undefined {
+            return values.get(keyObj) as TValue | undefined;
+        },
+        set current(newValue: TValue | undefined) {
+            if (newValue === values.get(keyObj)) {
+                return;
+            }
+            if (newValue === undefined) {
+                values.delete(keyObj);
+            } else {
+                values.set(keyObj, newValue);
+            }
+            subscribers.get(keyObj)?.forEach((cb) => cb());
+        },
+    };
+}
+
+/**
+ * Given an object as a key, this hook will vend you a mutable ref that causes all of its consumers
+ * to rerender whenever the `current` property is mutated. At all times, the value of `current`
+ * points to the latest value.
+ *
+ * This is particularly useful when you need to share a `Promise` across your entire application and
+ * you need every consumer to have access to the latest value of it synchronously, without having to
+ * wait for a rerender. Use this hook to create a ref related to some stable object, then store your
+ * promise in that ref.
+ *
+ * Note that the value related to the key object will persist even when every component that uses
+ * this hook unmounts. The next component to mount and call this hook with the same `keyObj` will
+ * recieve the same value. The value will only be released when `keyObj` is garbage collected.
+ */
+export function useWeakRef<TValue>(keyObj: WeakKey): React.MutableRefObject<TValue | undefined> {
+    const subscribe = useCallback(
+        (onStoreChange: () => void) => {
+            let callbacks = subscribers.get(keyObj);
+            if (callbacks == null) {
+                subscribers.set(keyObj, (callbacks = new Set()));
+            }
+            function handleChange() {
+                // This is super subtle; When there's a change, we want to create a new ref object
+                // so that `useSyncExternalStore()` perceives it as changed and triggers a rerender.
+                ref.current = createMutableRef(keyObj);
+                onStoreChange();
+            }
+            callbacks.add(handleChange);
+            return () => {
+                ref.current = undefined;
+                callbacks.delete(handleChange);
+                if (callbacks.size === 0) {
+                    subscribers.delete(keyObj);
+                }
+            };
+        },
+        [keyObj]
+    );
+    const ref = useRef<React.MutableRefObject<TValue | undefined>>();
+    const getSnapshot = useCallback(() => (ref.current ||= createMutableRef<TValue>(keyObj)), [keyObj]);
+    return useSyncExternalStore(subscribe, getSnapshot, getServerSnapshot);
+}