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 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 active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, its thiophene moiety contributes to its utility in materials science, where it can be incorporated into conjugated polymers or organic electronic materials for applications like organic light-emitting diodes (OLEDs) or organic photovoltaics (OPVs).