This chemical 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 compounds, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, where precise molecular structures are critical. Additionally, it is employed in the synthesis of advanced materials, such as organic electronic components, due to its ability to form stable conjugated systems. Its methoxyethoxy group enhances solubility, making it suitable for reactions in various solvents.