Used in organic synthesis as a building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Its boronic acid group facilitates coupling with aryl halides, making it valuable in creating complex aromatic systems. Commonly applied in the synthesis of bioactive molecules and functional materials where methoxy and acetyl substituents influence electronic and steric properties. Also utilized in the preparation of sensors and conjugated polymers due to its reactivity and structural features.