This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables it to react with aryl halides in the presence of a palladium catalyst, making it valuable for constructing complex organic molecules, such as pharmaceuticals and polymers. Additionally, it is employed in materials science for developing advanced functional materials, including sensors and catalysts, due to its ability to interact with diols and other functional groups. Its diethylamino moiety enhances solubility and reactivity in various organic solvents, broadening its application scope in research and industrial processes.