This compound is primarily 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 and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for producing active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it is utilized in the development of advanced materials and catalysts due to its ability to participate in selective and efficient chemical transformations. Its methoxy and ethyl groups further enhance its reactivity and stability in various synthetic processes.