Used extensively in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for synthesizing biaryl compounds, which are crucial in pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the creation of complex organic molecules. Additionally, it is employed in the development of organic electronic materials, contributing to advancements in OLEDs and other optoelectronic devices. The methoxycarbonyl group enhances its stability and reactivity, making it a versatile reagent in organic synthesis.