This compound is primarily utilized in organic synthesis as a versatile building block, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the construction of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as a key intermediate in the development of organic electronic materials, such as OLEDs and organic semiconductors, due to its ability to introduce furan-containing aromatic systems into molecular frameworks. Its stability and reactivity also make it suitable for use in medicinal chemistry for drug discovery and development.