This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, where precise molecular architecture is crucial. Additionally, it finds use in materials science for creating advanced polymers and functional materials with specific electronic or optical properties. Its furyl and pyridine moieties contribute to its versatility in designing heterocyclic compounds, which are essential in various chemical and industrial applications.