This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures, which are common in active pharmaceutical ingredients. Additionally, it is employed in the development of advanced materials, including polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular frameworks. Its methoxymethyl group further enhances its solubility and reactivity in various organic solvents, making it a versatile building block in synthetic chemistry.