This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the construction of complex molecules, especially in the pharmaceutical industry, where it aids in the development of active pharmaceutical ingredients (APIs). Its boronic acid group enables it to form stable bonds with various organic compounds, making it valuable for creating carbon-carbon bonds in drug discovery and material science. Additionally, it is utilized in the production of agrochemicals and fine chemicals, contributing to the synthesis of herbicides, fungicides, and other specialized compounds. Its methoxycarbonyl group further enhances its reactivity and versatility in diverse chemical transformations.