This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic ester group enables efficient carbon-carbon bond formation, making it valuable in constructing conjugated systems for electronic or optoelectronic applications. Additionally, it is utilized in the development of organic semiconductors and polymers due to its compatibility with various synthetic pathways. Its furyl and thiophene groups contribute to unique electronic properties, making it suitable for designing materials with specific functionalities.