This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group acts as a key functional group, enabling the formation of carbon-carbon bonds, which is essential in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it serves as a building block in the development of advanced materials, such as polymers and sensors, due to its ability to interact with diols and other functional groups. Its ethoxy group further enhances its solubility and reactivity in various organic solvents, making it a versatile reagent in chemical research and industrial applications.