We prove that for any homogeneous, second-order, constant complex coefficient elliptic system L in ℝ, the Dirichlet problem in ℝ with boundary data in BMO.ℝ/ is well-posed in the class of functions u for which the Littlewood-Paley measure associated with u, namely dμ(x', t):=| ∇u(x',t)| t dx' dt; is a Carleson measure in ℝ. In the process we establish a Fatou-type theorem guaranteeing the existence of the pointwise nontangential boundary trace for smooth null-solutions u of such systems satisfying the said Carleson measure condition. In concert, these results imply that the space BMO(ℝ) can be characterized as the collection of nontangential pointwise traces of smooth null-solutions u to the elliptic system L with the property that μ is a Carleson measure in ℝ. We also establish a regularity result for the BMO-Dirichlet problem in the upper half-space, to the effect that the nontangential pointwise trace on the boundary of ℝ of any given smooth nullsolutions u of L in ℝ satisfying the above Carleson measure condition actually belongs to Sarason's space VMO.ℝ/ if and only if μ(T(Q))/|Q|→0 as |Q|→0, uniformly with respect to the location of the cubeQ⊂ℝ (where T(Q) is the Carleson box associated withQ, and |Q| denotes the Euclidean volume of Q). Moreover, we are able to establish the well-posedness of the Dirichlet problem in ℝ C for a system L as above in the case when the boundary data are prescribed in Morrey-Campanato spaces in ℝ. In such a scenario, the solution u is required to satisfy a vanishing Carleson measure condition of fractional order. By relying on these well-posedness and regularity results we succeed in producing characterizations of the space VMO as the closure in BMO of classes of smooth functions contained in BMO within which uniform continuity may be suitably quantified (such as the class of smooth functions satisfying a Hölder or Lipschitz condition). This improves on Sarason's classical result describing VMO as the closure in BMO of the space of uniformly continuous functions with bounded mean oscillations. In turn, this allows us to show that any Calderón-Zygmund operator T satisfying T (1) = 0 extends as a linear and bounded mapping from VMO (modulo constants) into itself. In turn, this is used to describe algebras of singular integral operators on VMO, and to characterize the membership to VMO via the action of various classes of singular integral operators., The first author would like to express his gratitude to the University of Missouri-Columbia (USA), for its support and hospitality while he was visiting this institution. The first author acknowledges financial support from the Spanish Ministry of Economy and Competitiveness, through the \Severo Ochoa Programme for Centres of Excellence in R&D" (SEV-2015-0554). He also acknowledges that the research leading to these results has received funding from the European Research Council under the European Union's Seventh Framework Programme (FP7/2007-2013)/ ERC agreement no. 615112 HAPDEGMT. The second author has been supported in part by the Simons Foundation grant #426669, the third author has been supported in part by the Simons Foundation grant #318658, while the fourth author has been supported in part by the Simons Foundation grant #281566, and by a University of Missouri Research Leave grant.