This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceutical research and drug development. It is often employed in the synthesis of thiazole-containing compounds, which are significant in medicinal chemistry due to their biological activity. Additionally, it serves as a building block in material science for creating advanced organic materials with specific electronic or optical properties. Its stability and reactivity make it a preferred choice for introducing thiazole moieties into target molecules.