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 and materials science industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for synthesizing heterocyclic compounds, which are often found in drugs and advanced materials. Additionally, it is employed in the development of organic electronic materials, such as organic light-emitting diodes (OLEDs) and organic photovoltaics, due to its ability to introduce thiophene and pyridine moieties into conjugated systems. Its versatility also extends to the design of ligands for catalysis and the preparation of bioactive molecules in medicinal chemistry research.