This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl structures. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in drug discovery for their biological activity. Its furan and pyridine moieties also contribute to its utility in designing materials with specific electronic or optical properties.