Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group facilitates palladium-catalyzed coupling with aryl or heteroaryl halides, making it valuable in pharmaceutical and agrochemical research. It is particularly useful in constructing biaryl frameworks found in bioactive compounds and functional materials. Due to the presence of the benzo[d]oxazole moiety, the resulting coupled products often exhibit enhanced photophysical properties, supporting applications in the development of organic light-emitting diodes (OLEDs) and fluorescent sensors.