This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it serves as a boronic ester reagent. Its structure allows for the efficient formation of carbon-carbon bonds, making it valuable in the construction of complex organic molecules, including pharmaceuticals and agrochemicals. The dimethylaminoformyl group enhances its stability and reactivity, facilitating its use in mild reaction conditions. Additionally, it is employed in the development of biologically active compounds and materials science, where precise molecular assembly is required. Its application extends to the synthesis of advanced intermediates in drug discovery and the production of specialty chemicals.