Used in organic synthesis as a building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Its boronic acid group facilitates coupling with aryl halides, making it valuable for constructing complex aromatic systems. Commonly applied in the synthesis of bioactive molecules and functional materials where benzofuran scaffolds are required. Stable under standard conditions and compatible with a variety of reaction conditions, it supports efficient and selective transformations in medicinal chemistry research.