This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the synthesis of thiazole-containing compounds, which are often explored for their biological activities, including antimicrobial and anticancer properties. Its stability and reactivity make it a valuable reagent in medicinal chemistry and material science research.