This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing biologically active compounds. Additionally, it is utilized in the development of materials for electronic devices, such as organic semiconductors, due to its thienyl and pyrazole components, which contribute to desirable electronic properties. Its applications also extend to research and development in medicinal chemistry, where it aids in the discovery of new drug candidates.