Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in the production of complex organic molecules. This compound is also utilized in the development of bioactive compounds and materials for electronic devices due to its ability to introduce the 3-bromo-2-methoxyphenyl group into target molecules bearing halide functionalities. Additionally, it plays a role in research focused on creating novel drug candidates and advanced materials with specific properties, leveraging its bifunctional nature for sequential couplings.