This compound is primarily utilized 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. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures. This is crucial in the development of drugs, as biaryl motifs are common in active pharmaceutical ingredients. Additionally, it may be employed in the synthesis of advanced materials, such as organic semiconductors or polymers, where precise molecular architecture is required. Its methoxybenzyl group can also provide steric and electronic effects, influencing the reactivity and selectivity of the reactions it participates in.