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. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biaryl structures. Additionally, the presence of the methoxycarbonyl group allows for further functionalization, enhancing its versatility in drug development and material science. Its application extends to the synthesis of bioactive compounds, where precise molecular architecture is crucial for achieving desired therapeutic effects.