This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially those containing thiazole and phenyl rings. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its thiazole moiety contributes to its potential application in designing bioactive compounds, such as antimicrobial or anticancer agents, due to the inherent biological activity of thiazole derivatives.