This chemical is primarily used in organic synthesis, particularly in the development of boron-containing compounds. Its structure, featuring a nitrophenyl group and a dioxaborolane moiety, makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the construction of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it serves as an intermediate in the preparation of biologically active compounds, where the boronate ester group can be further functionalized. Its stability and reactivity also make it useful in materials science, particularly in the development of advanced polymers and coatings.