This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds. Its boronic acid group facilitates coupling with aryl or vinyl halides, making it valuable in creating complex organic molecules. Additionally, it is utilized in material science for developing advanced polymers and electronic materials. Its pyrimidine and thiophene moieties contribute to its role in designing compounds with potential biological activity, such as inhibitors or ligands in drug discovery.