This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, which is widely employed in the pharmaceutical and materials science industries. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, such as active pharmaceutical ingredients (APIs) and advanced organic materials. Additionally, it can serve as a building block in the development of fluorescent probes or sensors due to its naphthalene core, which is often utilized in optical applications. Its methanesulfonamide moiety may also contribute to biological activity, making it relevant in drug discovery research.