This compound is primarily utilized in organic synthesis and pharmaceutical research due to its boronic acid functional group, which is highly effective in Suzuki-Miyaura cross-coupling reactions. These reactions are pivotal for forming carbon-carbon bonds, enabling the synthesis of complex organic molecules, including potential drug candidates. Additionally, its diethylaminoethoxy moiety enhances solubility and reactivity in various solvents, making it a versatile reagent in medicinal chemistry for designing and developing new therapeutic agents. Its application extends to the field of materials science, where it is used in the preparation of advanced polymers and nanomaterials with specific electronic or structural properties.