This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The ethoxycarbonyl and nitro functional groups enhance its reactivity and selectivity in these reactions. Additionally, it serves as a building block in the development of advanced materials, such as polymers and organic electronic components, due to its ability to introduce specific functional groups into molecular structures. Its application in medicinal chemistry is notable for creating bioactive compounds with potential therapeutic effects.