This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for the construction of complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester functionality allows for efficient coupling with aryl or vinyl halides, enabling the formation of carbon-carbon bonds. This makes it valuable in the synthesis of heterocyclic compounds, which are often found in active pharmaceutical ingredients. Additionally, it is employed in material science for the development of organic electronic materials, including organic light-emitting diodes (OLEDs) and conductive polymers, due to its ability to introduce thienyl and thiazole moieties into molecular structures.