This compound is primarily utilized 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. Its boronic acid group facilitates the coupling with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and material science research. Additionally, it is used in the development of bioactive compounds and advanced materials due to its stability and reactivity. Its ethylsulfonyl group can enhance solubility and influence the electronic properties of the resulting products, broadening its application scope.