This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for the creation of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is used in the development of conjugated polymers and organic electronic materials due to its ability to introduce thiophene moieties, which are essential for enhancing electrical conductivity and optical properties. Its applications also extend to the synthesis of bioactive compounds and ligands for catalysis.