This chemical is primarily utilized in organic synthesis as a key intermediate for the preparation of more complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical and materials science industries to construct carbon-carbon bonds. The boronate ester group in the compound facilitates the coupling process, enabling the formation of biaryl structures, which are essential in the development of drugs, agrochemicals, and organic electronic materials. Additionally, its bromoethoxy group allows for further functionalization, making it versatile in designing targeted molecules for specific applications.