This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for creating complex organic compounds, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of fluorescent probes and sensors due to its ability to interact with diols and other biologically relevant molecules. Its ethoxy group enhances solubility and reactivity, making it suitable for various catalytic and synthetic processes.