This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for introducing the furan ring into more complex molecules, which is valuable in the development of pharmaceuticals, agrochemicals, and organic materials. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it essential for constructing diverse organic compounds. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often explored for their biological activities and potential therapeutic applications.