This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group enables the formation of carbon-carbon bonds, making it valuable for creating biaryl structures, which are common in many active pharmaceutical ingredients. Additionally, it is employed in the development of advanced materials, such as organic semiconductors and liquid crystals, due to its ability to introduce thiazole moieties into molecular frameworks.