This chemical is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the construction of complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group allows for efficient coupling with aryl halides, enabling the formation of carbon-carbon bonds. This makes it valuable in the synthesis of biologically active compounds, including potential drug candidates targeting various diseases. Additionally, its structural features, such as the diethylaminoethoxy group, can enhance solubility and reactivity, further broadening its application in medicinal chemistry.