This chemical 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 between aryl or vinyl boronic acids and aryl or vinyl halides. This reaction is widely employed in the pharmaceutical industry for the synthesis of complex molecules, including drug candidates and bioactive compounds. Additionally, it finds application in materials science for the development of organic electronic materials, such as polymers and small molecules used in organic light-emitting diodes (OLEDs) and other optoelectronic devices. Its unique structure, featuring a spirocyclic dioxa-aza moiety, may also contribute to its stability and reactivity in specific catalytic processes.