This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating biaryl structures. Additionally, it finds use in material science for synthesizing organic electronic materials and polymers. Its thiazole moiety further enhances its utility in designing bioactive molecules, including potential antimicrobial and anticancer agents.