Used in organic synthesis as a versatile building block, particularly in Suzuki-Miyaura cross-coupling reactions to create complex molecules for pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This compound is valuable in developing biologically active compounds, including potential drug candidates, due to its ability to introduce furyl and pyrimidine moieties into target molecules. Its applications extend to materials science, where it contributes to the synthesis of advanced organic materials.