This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a crucial building block for creating complex organic molecules, especially in the pharmaceutical industry. The boronic acid group facilitates the formation of carbon-carbon bonds, enabling the synthesis of various bioactive compounds and drug candidates. Additionally, it is employed in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), due to its ability to form stable conjugated systems. Its methoxy and dioxolane functional groups further enhance its reactivity and selectivity in diverse chemical transformations.