This compound is primarily utilized in organic synthesis as a versatile boronic ester reagent. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable intermediate for introducing the 4-methoxybenzyl group into target molecules. Additionally, it is used in the preparation of boron-containing compounds for applications in medicinal chemistry and material science, such as the development of sensors or catalysts.