This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry. The boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of various biologically active compounds. It is also employed in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics, due to its ability to introduce thiazole moieties into conjugated systems. Additionally, its structure makes it useful in the study of molecular recognition and sensor development.