This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient carbon-carbon bond formation, making it valuable in creating bioactive compounds. Additionally, it may be used in the synthesis of advanced materials, such as polymers or liquid crystals, where precise molecular architecture is required. Its ethoxypropoxy side chain enhances solubility and reactivity in various organic solvents, facilitating its use in diverse chemical processes.