This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for introducing furan rings into complex molecules, which is valuable in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the construction of carbon-carbon bonds. Additionally, it finds use in the preparation of bioactive compounds and materials with potential applications in medicinal chemistry and material science. Its stability and reactivity make it a versatile building block in synthetic organic chemistry.