This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a key building block for creating complex organic molecules, especially in the pharmaceutical industry for drug development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl compounds. Additionally, it is utilized in material science for designing advanced polymers and sensors. Its methoxy and carboxyl groups further enhance its reactivity and versatility in various chemical transformations.