Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to construct biaryl and aryl-heteroaryl frameworks common in pharmaceuticals and agrochemicals. Its boronic acid group enables carbon-carbon bond formation under mild conditions, making it valuable in drug discovery and development. The dihydrobenzofuran scaffold is often found in bioactive molecules, including those with potential neurological or anti-inflammatory activity. It serves as a building block for creating libraries of compounds in medicinal chemistry research.