This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of sensors and probes due to its ability to interact with diols and other functional groups, aiding in the detection of biological molecules. Additionally, its dimethylamino propoxy side chain enhances solubility and reactivity in various organic solvents, broadening its application in chemical research and industrial processes.