This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling, which is widely employed in the pharmaceutical and materials science industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex organic molecules, including drug intermediates and polymers. Additionally, it is used in the development of conjugated polymers and organic electronic materials due to its thiophene moiety, which contributes to electron delocalization and conductivity. Its applications also extend to the synthesis of advanced functional materials and bioactive compounds.