Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily participates in palladium-catalyzed couplings with aryl or heteroaryl halides, making it valuable in pharmaceutical and agrochemical research. It is especially useful for introducing the 2,5-dichlorofuran moiety into target structures, which can serve as a building block for bioactive compounds. Its stability and reactivity profile make it suitable for use in late-stage functionalization during drug discovery and development.