This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables it to participate in coupling with aryl halides, making it valuable in the production of biaryl compounds, which are essential in pharmaceuticals and material science. Additionally, its bromoethoxy functional group allows for further derivatization, making it a versatile building block in the synthesis of complex molecules, such as drug intermediates or polymers. Its applications are often seen in the development of bioactive compounds and advanced materials.