This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable in the synthesis of biaryl compounds. Additionally, it is utilized in material science for the development of organic electronic materials, including polymers and small molecules for OLEDs and organic photovoltaics. Its pyridine and thiophene moieties contribute to its utility in designing compounds with specific electronic and structural properties.