This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a versatile boronic ester reagent, enabling the formation of carbon-carbon bonds in the construction of complex molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the introduction of furan and piperidine moieties into target structures. Additionally, it is employed in material science for the synthesis of organic electronic materials, contributing to advancements in optoelectronics and polymer chemistry. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.