This compound is primarily utilized in organic synthesis as a versatile building block, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronic ester functional group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. It is also employed in the development of advanced materials, such as polymers and organic electronic compounds, due to its ability to introduce furan-based structures into larger frameworks. Additionally, its stability and reactivity make it a preferred choice for researchers working on fine chemical synthesis and drug discovery.