This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling, where it acts as a key intermediate. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of thiazole-based compounds, which are known for their biological activities, including antimicrobial and anti-inflammatory properties. Its stability and reactivity make it a preferred choice in medicinal chemistry and material science research.