This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic ester group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds. This is essential in synthesizing bioactive compounds, agrochemicals, and advanced materials. Additionally, it finds use in the preparation of thiazole derivatives, which are important in designing drugs with antimicrobial, anti-inflammatory, or anticancer properties. Its stability and reactivity make it a preferred choice for chemists working on targeted molecular frameworks.