This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the preparation of various thiophene derivatives, which are valuable in the development of pharmaceuticals, agrochemicals, and organic electronic materials. Its boronic acid functional group enables it to form stable carbon-carbon bonds with aryl or vinyl halides, making it a versatile building block for constructing complex organic molecules. Additionally, it finds applications in the synthesis of conjugated polymers and small molecules used in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), contributing to advancements in materials science and technology.