This compound is primarily utilized in organic synthesis as a key intermediate for cross-coupling reactions, particularly in Suzuki-Miyaura couplings. Its boronic ester functional group makes it highly effective for forming carbon-carbon bonds, which is essential in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. It is also employed in the development of furan-based compounds, which are valuable in materials science for creating polymers and other advanced materials. Additionally, its stability and reactivity make it a suitable choice for constructing heterocyclic frameworks in medicinal chemistry research.