This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester precursor, enabling the formation of carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its structure, featuring a methoxyethylamine group, enhances solubility and reactivity in various organic solvents, making it a valuable intermediate in the synthesis of complex molecules. Additionally, it is employed in the preparation of biologically active compounds, including potential drug candidates, due to its ability to introduce functional groups into target molecules efficiently.