This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group makes it a valuable building block for creating complex organic molecules, especially in pharmaceuticals and materials science. It is often employed in the development of drug candidates, where it helps introduce the benzo[d]oxazole moiety, a structure known for its biological activity. Additionally, it is utilized in the synthesis of advanced materials, including polymers and organic electronic components, due to its ability to facilitate precise molecular assembly.