This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group is essential for coupling with aryl halides, making it valuable in drug discovery and development. Additionally, it is utilized in the preparation of biaryl compounds, which are important intermediates in various industrial applications. The presence of the ethoxycarbonyl group enhances its stability and reactivity, making it suitable for diverse synthetic pathways.