This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid reagent to form carbon-carbon bonds. Its structure, featuring a methoxyethyl phenoxy group, enhances solubility and reactivity in various solvents, making it suitable for coupling with aryl halides or triflates. It is also employed in the development of pharmaceuticals and agrochemicals, where its boronic acid moiety plays a key role in creating bioactive molecules. Additionally, it finds use in material science for the synthesis of organic electronic materials and polymers due to its ability to facilitate precise molecular assembly.