This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex organic molecules, including pharmaceuticals and agrochemicals. It is also employed in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and conductive polymers, due to its thiophene backbone, which contributes to electronic properties. Additionally, it serves as a building block in medicinal chemistry for designing drug candidates targeting various diseases.