This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the construction of complex organic molecules, especially those containing furan and thiophene moieties. Its boronic ester group enables efficient coupling with aryl or vinyl halides, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of conjugated polymers and organic electronic materials due to its ability to facilitate the formation of carbon-carbon bonds in a controlled manner.