Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex molecules. Its boronic acid group allows for efficient coupling with aryl or vinyl halides, making it essential in the development of new drugs and active ingredients. Additionally, it is employed in the creation of thiazole derivatives, which are known for their biological activities, including antimicrobial and anti-inflammatory properties. Its applications extend to material science, where it contributes to the design of advanced organic materials.