Used primarily in organic synthesis as a key building block for cross-coupling reactions, especially in Suzuki-Miyaura coupling. Enables the formation of conjugated furan-based structures that are valuable in the development of organic electronic materials, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its boronate ester groups allow for efficient and selective bond formation with aryl or heteroaryl halides, making it useful in the synthesis of complex aromatic systems for pharmaceuticals and agrochemicals. Also employed in the preparation of luminescent compounds and sensors due to the furan ring’s electron-rich nature.