This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is crucial in the development of pharmaceuticals, agrochemicals, and advanced materials. Its unique structure, featuring a spirocyclic dioxa-aza system, enhances its stability and reactivity, making it suitable for constructing complex organic molecules. Additionally, it is employed in the synthesis of biologically active compounds, including potential drug candidates, due to its ability to introduce specific functional groups into target molecules. Its application extends to material science, where it aids in the creation of organic electronic materials and polymers with tailored properties.