This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of various heterocyclic compounds. Additionally, it is employed in the development of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce thiophene-based structures into molecular frameworks. Its stability and reactivity make it a valuable tool in research and industrial applications.