This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures, which are common in active pharmaceutical ingredients. Additionally, it is used in the preparation of advanced materials, such as organic electronic components, due to its ability to form stable covalent bonds with other organic compounds. Its methoxy and benzyloxy substituents further enhance its reactivity and selectivity in various synthetic applications.