This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it is utilized in material science for designing advanced organic materials with specific electronic or optical properties. Its methoxyphenyl group enhances its stability and reactivity in various synthetic processes.