This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the construction of carbon-carbon bonds. Additionally, it is employed in the development of materials for electronic devices and sensors due to its ability to form stable complexes with various substrates. Its methoxycarbonyl group further enhances its reactivity and versatility in synthetic applications.