This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the synthesis of pharmaceuticals, agrochemicals, and advanced materials, where precise molecular assembly is critical. Additionally, its nitronaphthalene moiety can contribute to the development of fluorescent or optoelectronic materials due to its potential electronic properties.