Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in developing bioactive compounds and functional materials. Commonly employed in medicinal chemistry to build benzofuropyridine scaffolds, which are found in compounds with potential kinase inhibitory activity and other biological targets. Also utilized in the preparation of organic semiconductors and luminescent materials due to the extended π-conjugation it can help form.