Used primarily in cross-coupling reactions, this compound serves as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. Its boron-containing group enables efficient Suzuki-Miyaura coupling, allowing the formation of carbon-carbon bonds under mild conditions. It is especially valuable in constructing oxazole-based scaffolds found in bioactive molecules and functional materials. Due to its stability and reactivity, it is widely employed in medicinal chemistry for lead optimization and in the development of fluorescent probes and organic semiconductors.