This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the construction of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, bioactive compounds, and advanced materials. Additionally, it is used in the synthesis of conjugated polymers and organic electronic materials due to its ability to introduce thiophene-based structures, which are essential in optoelectronic applications.