This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent to form carbon-carbon bonds. Its structure, featuring a boronic acid group and a methoxybenzyl carbamoyl moiety, makes it valuable in constructing complex molecules, especially in pharmaceutical and material science research. It is often employed in the development of drug candidates, where its ability to form stable intermediates aids in the creation of biologically active compounds. Additionally, it can be used in the synthesis of polymers and advanced materials, where precise molecular architecture is required. Its specific functional groups also make it a potential candidate for sensor development, particularly in detecting biological molecules or environmental analytes.