This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing complex organic molecules, such as pharmaceuticals and advanced materials. It also serves as a key intermediate in the development of bioactive compounds, including potential drug candidates. Additionally, its dibenzylamino group can enhance solubility and stability in various reaction conditions, broadening its applicability in diverse chemical processes.