This compound is widely 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 drug candidates. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures, which are common in many active pharmaceutical ingredients. Additionally, it is employed in materials science for the synthesis of organic electronic materials and polymers. The methoxymethyl group enhances its solubility and stability, making it a versatile reagent in various chemical transformations.