This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures. Additionally, it finds applications in material science, contributing to the synthesis of conjugated polymers and organic electronic materials. Its methoxyphenyl group enhances solubility and stability, making it suitable for various catalytic and synthetic processes.