Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceuticals and agrochemicals. Its boronic acid functionality enables efficient carbon-carbon bond formation under mild conditions. Commonly applied in the development of functional materials such as organic semiconductors and liquid crystals due to the extended aromatic system. Also utilized in the preparation of fluorescent dyes and sensors where the methoxy-naphthalene moiety enhances photophysical properties.