Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group facilitates palladium-catalyzed coupling with aryl or vinyl halides, making it valuable in pharmaceutical and agrochemical research for constructing biaryl frameworks. The dihydrobenzofuran moiety contributes to the development of bioactive compounds, including those with potential neurological or anti-inflammatory activity. Commonly employed in medicinal chemistry for lead optimization and library synthesis.