This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds. It serves as a versatile boronic acid derivative, enabling the creation of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its diethylamino group enhances solubility and reactivity in various solvents, making it a valuable reagent in medicinal chemistry for designing drug candidates. Additionally, it finds applications in the development of sensors and molecular probes due to its ability to interact with diols and other functional groups, aiding in the detection of biological molecules.