Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in drug development. Additionally, its boronic acid group makes it useful in the design of sensors and probes for detecting biological molecules. The formyl and methoxy groups further enhance its reactivity, making it suitable for constructing complex organic molecules with high precision. Its applications extend to materials science, where it aids in the synthesis of advanced polymers and coatings.