Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Additionally, it finds application in the development of advanced materials, such as polymers and liquid crystals, due to its boronic acid group, which can interact with diols and other functional groups. Its methoxycarbonyl moiety further enhances its utility in fine chemical production, making it a versatile building block in research and industrial chemistry.