This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic ester reagent, specifically a benzylic boronic ester derived from 1-naphthylmethyl, enabling the formation of carbon-carbon bonds by coupling the 1-naphthylmethyl group with aryl or vinyl halides. This process is widely applied in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable tool in the development of new compounds, especially in medicinal chemistry for drug discovery and development. Additionally, it is used in the preparation of functionalized polymers and materials for electronic applications.