This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals, agrochemicals, and organic materials. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in creating conjugated systems for organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics. Additionally, it is employed in the synthesis of thiophene-based derivatives, which are widely used in materials science due to their optoelectronic properties.