Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Additionally, it finds application in the development of sensors and diagnostic agents due to its boronic acid group, which can selectively bind to diols and sugars, making it useful in glucose sensing and other biochemical assays. Its methoxymethoxy group enhances stability and reactivity, making it a versatile reagent in research and industrial processes.