This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the construction of complex molecules, especially in the pharmaceutical industry where it aids in the development of drugs and bioactive compounds. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it finds application in material science for the synthesis of advanced polymers and functional materials. The methoxycarbonyl group further enhances its reactivity, making it a versatile building block in various chemical transformations.