This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key boronic acid reagent. Its structure, featuring a boronic acid group, enables it to form carbon-carbon bonds efficiently when coupled with aryl or vinyl halides in the presence of a palladium catalyst. This makes it valuable in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, its dipropylamino group can enhance solubility and reactivity in certain reaction conditions, making it a versatile intermediate in medicinal chemistry for designing drug candidates. Its applications also extend to material science, where it contributes to the development of organic electronic materials and polymers.