This compound is primarily utilized in organic synthesis as a versatile building block, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic ester functionality allows it to act as a key reagent for forming carbon-carbon bonds, making it valuable in the construction of complex organic molecules, such as pharmaceuticals, agrochemicals, and advanced materials. The dimethylamino and nitro groups enhance its reactivity and selectivity in these reactions, enabling precise control over the synthesis process. Additionally, it is employed in the development of sensors and probes due to its ability to interact with specific biomolecules, aiding in biochemical research and diagnostics.