Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. It serves as a key building block in the development of pharmaceuticals and agrochemicals due to its reactivity and stability under various reaction conditions. The presence of the methoxyethoxy group enhances solubility in polar solvents, facilitating its use in aqueous or mixed solvent systems. Commonly employed in the preparation of biaryl compounds, which are structural motifs in many bioactive molecules and functional materials.