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 molecules, especially in pharmaceutical research and development. The boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biologically active compounds or materials with specific properties. Its cyclobutyl and furan moieties contribute to unique structural features, making it valuable in designing novel drugs or agrochemicals. Additionally, it may be employed in material science for creating functionalized polymers or advanced materials with tailored characteristics.