Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely employed in the pharmaceutical industry to create carbon-carbon bonds, enabling the synthesis of bioactive compounds and drug candidates. Its boronic acid group is essential for coupling with aryl halides, making it valuable in constructing biaryl structures. Additionally, it finds application in material science for developing organic electronic materials and polymers. Its methoxy and methoxycarbonyl substituents enhance its reactivity and compatibility in various catalytic processes.