This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and materials science industries. Its boronate ester group enables efficient formation of carbon-carbon bonds, making it valuable in the development of drugs, agrochemicals, and advanced materials like organic semiconductors. Additionally, it is utilized in the synthesis of thiophene-based compounds, which are important in electronic and optoelectronic applications due to their conductive and luminescent properties.