Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its boron-containing structure makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds for creating biologically active compounds. Additionally, it serves as a building block in the synthesis of thiazole derivatives, which are known for their antimicrobial, antifungal, and anti-inflammatory properties. This compound is also explored in material science for designing advanced polymers and organic electronic materials.