This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals and complex organic molecules. It is often employed in the synthesis of biologically active compounds, including drug candidates, due to its ability to introduce pyridine and methoxybenzyl groups into target molecules. Additionally, it serves as a key intermediate in the development of materials with potential applications in medicinal chemistry and agrochemical research.