This chemical is primarily used in organic synthesis and material science due to its boronic acid functional group, which is highly reactive in coupling reactions. It is often employed in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds, particularly in the synthesis of biaryl compounds. These compounds are essential in the development of pharmaceuticals, agrochemicals, and organic electronic materials. Additionally, its phenyl and isopentyloxy groups contribute to its solubility and stability, making it suitable for use in various solvents and reaction conditions. Its applications also extend to the creation of advanced polymers and liquid crystals, where its structural properties can influence material performance.