This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its phenylthiophene moiety makes it valuable in the development of conjugated systems for organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Additionally, it is employed in the synthesis of bioactive compounds and intermediates for drug discovery, offering versatility in designing molecules with specific properties.