This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules. Its boronic acid group is essential for coupling with aryl halides, making it valuable in pharmaceutical research for developing drug intermediates. Additionally, it is employed in material science for synthesizing advanced polymers and functional materials. The dimethylaminoethyl group enhances its solubility and reactivity in various organic solvents, facilitating its use in diverse chemical processes.