This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent to form carbon-carbon bonds. Its structure, featuring a furan ring and a piperidine moiety, makes it valuable in the construction of complex molecules, including pharmaceuticals and agrochemicals. The compound’s boronic acid group is key for its reactivity, enabling the formation of biaryl or heteroaryl structures, which are common in active drug ingredients. Additionally, it may be employed in the development of materials science applications, such as organic electronic materials, due to its potential for creating conjugated systems.