Used primarily in cross-coupling reactions, this compound serves as a key intermediate in the synthesis of pharmaceuticals and organic electronic materials. Its boron-containing group enables efficient Suzuki-Miyaura coupling, allowing the formation of carbon-carbon bonds in drug discovery and development. It is especially valuable in constructing thienopyridine-based scaffolds, which are common in bioactive molecules and kinase inhibitors. Additionally, it finds use in materials science for building conjugated systems in organic semiconductors and optoelectronic devices.