This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables it to form stable bonds with various organic substrates, making it valuable for creating carbon-carbon bonds. Additionally, it is employed in the synthesis of biologically active compounds, including potential drug candidates targeting specific enzymes or receptors. Its furan and piperidine moieties contribute to its versatility in designing molecules with desired pharmacological properties.