Used in Suzuki-Miyaura cross-coupling reactions to synthesize complex organic compounds, particularly in pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of thiophene-based molecules, which are important in drug discovery and material science. The compound is also employed in the development of organic electronic materials, such as semiconductors and light-emitting diodes (OLEDs). Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in organic synthesis and catalysis.