This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for constructing complex molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its nitrovinyl group can participate in further chemical transformations, such as reduction or cyclization reactions, expanding its utility in creating diverse organic structures. It is also explored in the development of sensors and molecular probes due to its ability to interact with specific analytes, enhancing detection and diagnostic applications.