This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the construction of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it is employed in the development of furan-based derivatives, which have applications in material science and as building blocks for advanced polymers. Its versatility in coupling reactions also makes it useful in the synthesis of heterocyclic compounds, which are often explored for their potential therapeutic properties.