This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions. It serves as a key building block in the creation of complex molecules, especially in the pharmaceutical industry. Its boronic acid group enables it to participate in Suzuki-Miyaura reactions, which are widely used to form carbon-carbon bonds. This makes it valuable in the development of drug candidates, where precise molecular structures are crucial. Additionally, its pyrimidine and furan components contribute to its role in designing compounds with potential biological activity, such as inhibitors or modulators of specific enzymes or receptors. Its applications extend to material science, where it can be used to synthesize novel organic materials with tailored properties.