Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its furan-containing structure makes it valuable in the development of pharmaceuticals, agrochemicals, and functional materials where heteroaromatic systems are required. The borolane group provides high stability and reactivity under mild conditions, improving coupling efficiency. It is particularly useful in late-stage functionalization due to its compatibility with various functional groups.