Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient coupling with aryl or heteroaryl halides under mild conditions, making it valuable in the development of complex organic molecules, particularly in drug discovery and materials science. The furan ring offers a versatile handle for further functionalization, enhancing its utility in building conjugated systems and heterocyclic compounds.