Used in organic synthesis as a key intermediate for cross-coupling reactions, particularly in Suzuki-Miyaura reactions, to create complex molecules for pharmaceuticals and agrochemicals. It is also employed in the development of organic electronic materials, such as semiconductors and light-emitting diodes, due to its ability to introduce thiophene moieties into conjugated systems. Additionally, it serves as a building block in the synthesis of advanced polymers and materials with tailored properties for industrial applications.