This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in creating complex organic molecules. Its application is significant in pharmaceutical research and development, where it aids in the synthesis of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it is utilized in material science for the preparation of advanced organic materials, including polymers and ligands for catalysis. Its methoxycarbonyl group enhances its reactivity and selectivity in various chemical transformations.