This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of diverse compounds like heterocycles and biologically active molecules. Additionally, it is employed in material science for developing organic electronic materials and polymers. Its furyl and thiazole moieties contribute to its utility in creating compounds with potential applications in drug discovery and functional materials.