This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for the construction of complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl structures, which are common in many active pharmaceutical ingredients. Additionally, it is used in material science for the development of organic electronic materials, including polymers and small molecules for organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its furyl and thiophene moieties contribute to the electronic properties of the resulting materials, making it valuable in the design of conjugated systems for electronic applications.