Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely applied in pharmaceutical research to create carbon-carbon bonds, enabling the development of drug candidates and bioactive compounds. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in the production of heterocyclic compounds. Additionally, it is employed in material science for designing organic electronic materials and polymers. Its cyclobutyl and furan components contribute to unique structural properties, enhancing its utility in creating specialized chemical architectures.