Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of complex molecules. Its boronic ester group enables participation in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds. This is particularly valuable in pharmaceutical research for constructing diverse drug candidates. Additionally, it finds utility in material science for developing advanced polymers and organic electronic materials. The dimethylamino group enhances solubility and reactivity, making it suitable for use in various solvent systems. Its stability and ease of handling further contribute to its widespread application in laboratory settings.