This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drugs and bioactive compounds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds in medicinal chemistry. Additionally, it finds application in materials science for designing advanced polymers and functional materials. Its methoxy and carboxyl groups further enhance its reactivity and versatility in various chemical transformations.