This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, where precise molecular structures are critical. Additionally, it is employed in the synthesis of furan-based compounds, which are important in material science for creating polymers and functional materials. Its versatility and reactivity make it a useful tool in research and industrial applications.