This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid reagent. Its structure, featuring a boronic acid group, enables it to form carbon-carbon bonds efficiently when paired with aryl or vinyl halides in the presence of a palladium catalyst. The methoxy and benzoylamino groups enhance its stability and reactivity, making it suitable for constructing complex organic molecules, such as pharmaceuticals, agrochemicals, and advanced materials. Additionally, its phenylboronic acid moiety is often employed in the development of sensors and molecular recognition systems due to its ability to interact with diols and other functional groups.