Used as a key reagent in Suzuki-Miyaura cross-coupling reactions to synthesize biaryl compounds, which are important in pharmaceuticals and organic electronics. It serves as a building block in the production of complex organic molecules, particularly in drug discovery and development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in creating carbon-carbon bonds. Additionally, it is utilized in the synthesis of advanced materials, such as polymers and liquid crystals, due to its ability to introduce methoxy-functionalized phenyl groups. Its stability and reactivity make it a preferred choice in organic synthesis and medicinal chemistry research.