This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures commonly found in drug molecules. Additionally, it is employed in the synthesis of agrochemicals and materials science applications, where precise molecular design is crucial. Its dimethoxy groups enhance stability and reactivity, making it a valuable reagent in medicinal chemistry for developing potential therapeutic agents.