This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a key intermediate for constructing complex organic molecules. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its formyl and methoxy functional groups offer further reactivity, allowing for diverse chemical modifications and applications in medicinal chemistry for drug discovery and development.