This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key boronic acid reagent. Its structure allows it to effectively participate in the formation of carbon-carbon bonds, making it valuable in the production of complex organic molecules, including pharmaceuticals and agrochemicals. The presence of the methoxy and oxo groups enhances its reactivity and selectivity in these reactions. Additionally, it is used in the development of advanced materials, such as polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular frameworks. The varying amounts of anhydride in the compound can influence its stability and reactivity, making it adaptable to different synthetic conditions.