This compound is primarily utilized 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 finds application in the development of sensors and materials science, where its ability to interact with diols and other functional groups is exploited. Its methoxyphenyl moiety can enhance solubility and stability in various reaction conditions, further broadening its utility in research and industrial processes.