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 between aryl or vinyl boronic acids and aryl or vinyl halides. This makes it valuable in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its sulfonyl and pyrrolidinyl groups enhance its stability and reactivity, making it a versatile building block in medicinal chemistry for designing drug candidates. Additionally, it can be used in the development of sensors and catalysts due to its unique structural properties.