Used in organic synthesis as a key intermediate for cross-coupling reactions, particularly Suzuki-Miyaura coupling, to create complex organic compounds. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in pharmaceuticals for developing drug candidates. Also employed in material science for designing organic electronic materials, such as polymers and small molecules for optoelectronic devices. Its pyrazole and thiophene moieties contribute to its utility in constructing heterocyclic frameworks with potential biological and electronic applications.