This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in the production of pharmaceuticals, agrochemicals, and advanced materials. Its diisopropylcarbamoyl group enhances its stability and reactivity, making it suitable for complex molecular constructions. Additionally, it finds application in the development of sensors and catalysts due to its ability to interact with various organic and inorganic substrates.