This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic ester group makes it a valuable reagent for forming carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. It is also employed in the preparation of biaryl compounds, which are essential in material science and drug development. Additionally, its sulfonamide group enhances solubility and stability, making it suitable for use in aqueous or mixed-solvent systems. This compound is particularly useful in the development of fluorescent probes and sensors due to its ability to interact with specific analytes or biomolecules.