This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and material science research. Additionally, its furyl and tert-butyl groups contribute to its stability and reactivity, making it suitable for designing novel compounds with potential applications in drug development and advanced materials.