This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it finds application in material science for synthesizing conjugated polymers and organic electronic materials, where its thienyl and phenyl groups contribute to enhanced electronic properties. Its stability and reactivity make it a valuable reagent in research and industrial processes.