This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables it to act as a key reagent in forming carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its methoxy and methoxycarbonyl groups make it a versatile intermediate in the synthesis of complex organic molecules, including heterocyclic compounds. Its application is significant in medicinal chemistry for creating drug candidates with potential therapeutic properties.