Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This makes it valuable in the development of complex organic molecules, including drugs and bioactive compounds. Additionally, it is utilized in the preparation of sensors and materials for detecting specific analytes due to its ability to interact with diols and other functional groups. The presence of the dimethylcarbamoyl group enhances its stability and reactivity in various chemical processes.