Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex molecules for pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in developing drugs and biologically active compounds. Also employed in material science for designing organic electronic materials and polymers. Its furyl and pyridine moieties contribute to its utility in creating heterocyclic compounds with potential applications in medicinal chemistry.