Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex molecules. Additionally, it is employed in the development of sensors and diagnostic agents due to its ability to interact with diols and other biologically relevant molecules. The nitrovinyl group further enhances its reactivity, making it valuable in the synthesis of nitroalkenes, which are important intermediates in medicinal chemistry. Its applications also extend to materials science, where it contributes to the creation of advanced polymers and coatings with specific functional properties.