This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. 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 creation of biaryl structures, which are common in many active pharmaceutical ingredients. Additionally, it is utilized in material science for the development of organic electronic materials, such as OLEDs, due to its ability to form stable and conjugated systems. Its methoxyphenyl group can also enhance solubility and reactivity in various synthetic processes.