This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group serves as a key functional group, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. It is commonly employed in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its benzo[d]oxazol-2-amine moiety contributes to its potential use in the design of fluorescent probes or bioactive compounds due to its electron-rich structure. Researchers also explore its application in polymer chemistry for creating functionalized polymers with specific properties.