Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group enables participation in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds. This makes it valuable in constructing complex molecules, particularly in drug discovery and development. Additionally, it is employed in the synthesis of furan-based compounds, which are often explored for their potential biological activities. Its versatility in coupling reactions also extends to materials science, where it aids in the creation of advanced polymers and organic electronic materials.