This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceuticals and agrochemicals. It is often employed in the development of biologically active compounds, including potential drug candidates, due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, its thiazole moiety contributes to its use in designing molecules with potential therapeutic properties, such as antimicrobial or anticancer agents.