This compound is primarily utilized in organic synthesis as a versatile building block, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The furan and pyrazole moieties contribute to its potential use in developing biologically active compounds, such as inhibitors or ligands for various enzymes and receptors. Additionally, it may be employed in material science for the design of organic electronic materials or polymers due to its unique structural properties.