Widely used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions, where it serves as a key intermediate for constructing complex molecules. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and materials science. Additionally, it is employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery and development. Its furan and pyrazole moieties contribute to its versatility in creating biologically active compounds with potential therapeutic applications.