This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of various pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in constructing complex organic molecules. Additionally, it is employed in the development of sensors and catalysts due to its ability to interact with other chemical species. The methoxycarbonyl group enhances its stability and reactivity, making it suitable for diverse applications in fine chemical manufacturing.