This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it is utilized in material science for the synthesis of advanced polymers and functional materials. Its methoxy and methoxycarbonyl groups contribute to its reactivity and stability, allowing for precise control in synthetic processes.