This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate in the preparation of complex molecules, including pharmaceuticals and agrochemicals. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the construction of diverse thiazole-containing structures. These structures are often explored for their biological activities, making the compound valuable in drug discovery and development. Additionally, it is used in material science for synthesizing novel organic materials with potential applications in electronics and optoelectronics.