Used primarily in organic synthesis, this compound serves as a key building block in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, facilitating the creation of complex organic molecules. It is particularly valuable in the synthesis of heterocyclic compounds, which are often active ingredients in drugs targeting various diseases. Additionally, its furyl and pyrazole moieties contribute to its utility in designing molecules with specific biological activities, making it a versatile reagent in medicinal chemistry research.