This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially those containing furan rings. Its boronic ester functionality allows for efficient coupling with aryl or vinyl halides, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of biologically active compounds and in the preparation of conjugated polymers for electronic applications. The compound's stability and reactivity make it a versatile tool in modern synthetic chemistry.