This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical industry. Its boronic acid group allows it to form stable covalent bonds with other organic compounds, making it valuable for constructing drug intermediates or active pharmaceutical ingredients (APIs). Additionally, it is utilized in the development of materials for organic electronics, where its structural properties contribute to the design of conductive or semiconductive materials. Its furan and pyrazine components also make it suitable for applications in agrochemical research, where it can be used to synthesize novel compounds for crop protection.