This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of biaryl compounds. Additionally, it is utilized in the development of advanced materials, such as organic semiconductors and polymers, due to its ability to facilitate precise molecular assembly. Its methoxybenzyl group also provides stability and reactivity in various chemical transformations.