This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It serves as a boronic acid derivative, often employed in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its thiophene ring structure makes it valuable in the development of conjugated polymers and organic electronics, where it contributes to the tuning of electronic properties. Additionally, it is used in the preparation of bioactive compounds and intermediates in medicinal chemistry research.