This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, often used in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it finds applications in material science, where it is employed in the synthesis of advanced polymers and organic electronic materials. Its nitro and ester functional groups further enhance its reactivity, making it a versatile intermediate in various chemical processes.