This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronate ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, fine chemicals, and advanced materials. Additionally, its methoxy and hydroxymethyl substituents enhance its reactivity and versatility in various chemical transformations.