This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronic ester group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The dimethylaminoethoxy group enhances solubility and reactivity in various solvents, facilitating its use in diverse reaction conditions. Additionally, it serves as a key intermediate in the development of bioactive compounds and materials with specific electronic or structural properties. Its stability and compatibility with a range of reagents make it a versatile tool in medicinal chemistry and material science research.