This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially those containing pyridine and furan moieties. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for synthesizing conjugated polymers and organic electronic materials. Its stability and reactivity make it a versatile building block in various chemical transformations.