This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic ester group makes it a valuable building block for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. It is often employed to introduce the thiophene moiety into target molecules, which can enhance their electronic properties or biological activity. Additionally, it is utilized in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and semiconductors, due to its ability to form stable conjugated systems.