This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for constructing complex biaryl structures. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for creating advanced polymers and functional materials. The methoxycarbonyl group enhances its stability and reactivity, enabling precise modifications in target molecules. Its applications extend to the development of sensors and catalysts, where its structural properties are leveraged for specific interactions and enhanced performance.