Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the development of pharmaceuticals. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial for creating bioactive compounds. Its boronic acid group enhances reactivity and selectivity in these reactions, making it valuable for drug discovery and material science applications. Additionally, it is employed in the synthesis of furan-based compounds, which are often explored for their potential therapeutic properties.