This chemical is primarily utilized in the field of organic synthesis, particularly in the development of boron-containing compounds. Its unique structure makes it a valuable intermediate for creating complex molecules, especially in medicinal chemistry. It is often employed in the synthesis of bioactive compounds, including potential drug candidates, due to the oxaborole moiety's ability to interact with biological targets. Additionally, it is used in materials science for the preparation of polymers and coatings, where its vinyl group allows for further functionalization and polymerization. Its applications also extend to agrochemical research, where it serves as a building block for developing novel pesticides and herbicides.