This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, often used in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl structures. Additionally, it finds applications in material science, contributing to the synthesis of organic electronic materials such as polymers and small molecules for OLEDs or organic semiconductors. Its methoxyphenyl group can enhance solubility and tune electronic properties, making it suitable for advanced material design.