This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it is employed in material science for the development of organic electronic materials and polymers. Its methoxyphenyl furan structure also makes it a potential candidate for research in fluorescence-based sensing and imaging applications.