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 the formation of carbon-carbon bonds, enabling the creation of complex organic molecules. Its boronic ester group facilitates its use in coupling with aryl or vinyl halides, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its furyl and thiazole moieties contribute to its potential application in the development of bioactive compounds, including drug candidates targeting various diseases. Its stability and reactivity make it a versatile reagent in medicinal chemistry and material science research.