This compound is widely used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It facilitates the formation of carbon-carbon bonds, enabling the construction of complex organic molecules, including pharmaceuticals, agrochemicals, and functional materials. Its boronic ester groups are highly reactive with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable for producing conjugated systems like thiophene-based polymers. These polymers are essential in organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), due to their excellent charge transport properties. Additionally, it is employed in the development of sensors and ligands for catalysis, leveraging its stability and reactivity under mild conditions.