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 in the development of pharmaceuticals and agrochemicals. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the synthesis of furan-containing compounds, which are valuable in material science for creating polymers and electronic materials. Its stability and reactivity make it a versatile reagent in various research and industrial applications.