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 the furan ring into more complex molecules, which is valuable in the development of pharmaceuticals and agrochemicals. Its boronic acid group allows for efficient coupling with aryl or vinyl halides, enabling the creation of carbon-carbon bonds. This makes it a useful building block in the synthesis of biologically active compounds, including drug candidates and materials with potential applications in medicinal chemistry. Additionally, it may be employed in the production of organic electronic materials due to the furan moiety's electronic properties.