This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic ester functional group makes it a valuable building block for creating complex organic molecules, especially in the pharmaceutical and agrochemical industries. It is often employed to introduce the 3-methoxyphenylthiazole moiety into target molecules, which can be crucial for developing compounds with potential biological activity. Additionally, it is used in material science for the synthesis of advanced materials, such as organic semiconductors or polymers, due to its ability to form stable carbon-carbon bonds under mild conditions.