This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boron-containing reagent. Its structure, featuring a dioxaborolane group, makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceutical and materials science research. It is often employed to introduce boron functionalities into target molecules, enabling the formation of carbon-carbon bonds. Additionally, its stability and reactivity make it suitable for use in the development of bioactive compounds and advanced materials. The presence of the ethanolamine moiety further enhances its versatility, allowing for potential applications in modifying polymers or creating functionalized surfaces.