This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drugs and bioactive compounds. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating aryl-aryl or aryl-heteroaryl structures. Additionally, it is employed in material science for designing organic electronic materials and polymers. Its methoxymethyl group enhances solubility and reactivity, making it suitable for various catalytic processes.