Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for constructing complex molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it finds application in material science for creating organic electronic materials and polymers. The benzo[d]oxazole moiety enhances its utility in designing fluorescent probes and sensors for biological and chemical detection. Its stability and reactivity under mild conditions make it a preferred choice in various catalytic processes.