Used as a reagent in organic synthesis, particularly in cross-coupling reactions to introduce tert-butoxymethyl groups into molecules. It is valuable in the preparation of complex organic compounds, including pharmaceuticals and agrochemicals. Its stability and reactivity make it suitable for use in palladium-catalyzed reactions, such as Suzuki-Miyaura couplings. Additionally, it serves as a building block in the development of novel materials and bioactive molecules.