This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biaryl structures, which are common in drug development. Additionally, the thiazole moiety in its structure contributes to its use in designing compounds with potential biological activity, such as antimicrobial or anticancer agents. Its applications extend to materials science, where it can be employed in the synthesis of organic electronic materials or functional polymers.