Used primarily in organic synthesis, this compound acts as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. It is particularly valuable in the pharmaceutical industry for constructing complex molecules, including drug candidates. Its boronic acid group facilitates the coupling with aryl halides, making it essential for producing biaryl compounds. Additionally, it finds applications in material science for developing advanced polymers and electronic materials. The methoxymethyl group enhances its stability and reactivity, making it a versatile reagent in various catalytic processes.