This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for constructing carbon-carbon bonds. Its boronic acid group enables it to couple with aryl halides, facilitating the production of biaryl compounds, which are essential in pharmaceuticals, agrochemicals, and materials science. Additionally, it finds application in the development of sensors and probes due to its ability to interact with diols and sugars, making it useful in biochemical assays and diagnostic tools. Its dimethylamino group further enhances its solubility and reactivity in various organic solvents, broadening its utility in synthetic chemistry.