This chemical is primarily utilized in organic synthesis as a versatile intermediate, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester functional group enables its use in Suzuki-Miyaura cross-coupling reactions, a key method for forming carbon-carbon bonds in complex organic molecules. The nitro group further enhances its reactivity, making it valuable for constructing aromatic compounds with specific substitution patterns. Additionally, it serves as a precursor in the synthesis of biologically active compounds, including potential drug candidates targeting various diseases. Its stability and reactivity also make it suitable for applications in materials science, such as the development of advanced polymers and electronic materials.