This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a versatile building block for introducing functionalized furan rings into more complex molecules. The boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity under mild conditions make it a preferred choice for constructing heterocyclic compounds, which are often key components in drug discovery and development. Additionally, it can be used in the preparation of conjugated polymers for electronic applications, leveraging its ability to integrate into π-conjugated systems.