This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid functional group enables it to act as a key reagent in forming carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of heterocyclic compounds, which are essential in drug discovery and medicinal chemistry. Additionally, its furyl and pyrazole moieties contribute to its use in designing molecules with potential biological activity, such as enzyme inhibitors or receptor modulators.