Used in organic synthesis as a key building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of biaryl compounds which are important in pharmaceutical and agrochemical development. Its boronic acid group facilitates carbon-carbon bond formation under mild conditions, making it valuable in drug discovery and materials science. The presence of the 1,3,4-oxadiazole ring enhances stability and electron-withdrawing properties, useful in designing functional molecules such as fluorescent probes, organic semiconductors, and bioactive compounds.