This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group enables efficient coupling with aryl halides, making it valuable for constructing complex organic molecules, especially in pharmaceutical and agrochemical research. Additionally, the ethylsulfonyl group enhances its reactivity and stability, making it suitable for use in medicinal chemistry for the development of bioactive compounds. Its applications also extend to materials science, where it is used in the synthesis of advanced polymers and functional materials.