Used in organic synthesis as a building block for fluorescent sensors and bioimaging agents due to its conjugated oxazole structure and boronic acid functionality. The compound serves in Suzuki-Miyaura cross-coupling reactions to construct biaryl frameworks common in pharmaceuticals and functional materials. Its boronic acid group enables selective detection of diols and saccharides, making it useful in glucose sensing and carbohydrate recognition applications. Also employed in the development of optoelectronic materials owing to its light-emitting properties when incorporated into larger π-conjugated systems.