This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. The formyl group on the thiophene ring allows for further functionalization, making it versatile in designing molecules with specific properties. Additionally, it finds application in material science for synthesizing conjugated polymers and organic electronic materials, which are essential in the production of organic light-emitting diodes (OLEDs) and other advanced materials. Its boronic acid moiety enables efficient cross-coupling with aryl halides, facilitating the construction of carbon-carbon bonds in a controlled manner.