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 biaryl compounds. Commonly applied in the synthesis of complex molecules where a substituted benzofuran scaffold is needed, particularly in drug discovery and materials science. Stable and compatible with various functional groups, it supports efficient and selective transformations in both research and industrial settings.