This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex molecules, especially in pharmaceutical research and development. Its boronic acid group allows it to form carbon-carbon bonds efficiently, making it valuable in the synthesis of biologically active compounds. Additionally, it is utilized in material science for designing organic electronic materials and polymers. Its thienyl and pyrazole components contribute to its versatility in constructing heterocyclic structures, which are essential in drug discovery and advanced material applications.