This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its application is significant in pharmaceutical research and development, where it aids in the synthesis of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it is used in material science for creating advanced polymers and functional materials with tailored properties. The ethoxy and diisopropylcarbamoyl groups enhance its stability and reactivity, making it a valuable tool in precision chemical synthesis.