This compound is primarily utilized in organic synthesis and medicinal chemistry due to its boronic acid functional group, which is key in Suzuki-Miyaura cross-coupling reactions. These reactions are fundamental for creating carbon-carbon bonds, essential in the development of pharmaceuticals, agrochemicals, and advanced materials. The presence of the methoxybenzyl group enhances its solubility and stability, making it a valuable intermediate in the synthesis of complex organic molecules. Additionally, it can be employed in the design of enzyme inhibitors and receptor ligands, contributing to drug discovery efforts targeting various diseases. Its unique structure also allows for potential applications in sensor development, particularly for detecting specific biological molecules.