This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are common in active pharmaceutical ingredients. Additionally, it is employed in material science for developing organic electronic materials due to its ability to form stable conjugated systems. Its methoxyphenyl moiety further enhances its utility in designing compounds with specific electronic or steric properties.