This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic ester group makes it a valuable intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. It is often employed to introduce the thiazole moiety into target compounds, which is a key structural feature in many biologically active molecules. Additionally, its stability and reactivity under mild conditions make it a preferred choice for synthesizing heterocyclic compounds used in drug discovery and development.