This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid derivative, enabling the formation of carbon-carbon bonds in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its structure, featuring a boronic acid group, makes it a valuable reagent for constructing biaryl compounds, which are essential in drug discovery and material science. Additionally, the dimethylamino group enhances its reactivity and solubility in various solvents, facilitating its use in diverse synthetic applications.