Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the construction of complex molecular structures. This compound is also valuable in the development of furan-based compounds, which are utilized in drug discovery and material science due to their versatile reactivity and potential biological activity. Additionally, it serves as a building block in the synthesis of organic electronic materials, contributing to the advancement of optoelectronic devices.