This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic ester functional group makes it a valuable building block for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. It is often employed in the synthesis of thiophene derivatives, which are key components in materials science, including organic semiconductors and conductive polymers. Additionally, it serves as an intermediate in the development of biologically active compounds, contributing to drug discovery and medicinal chemistry research.