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 constructing complex organic molecules, especially in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic ester group enables efficient coupling with aryl or vinyl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is utilized in the synthesis of thiophene-based compounds, which are important in materials science for applications like organic semiconductors and conductive polymers. Its stability and reactivity make it a versatile reagent in modern synthetic chemistry.