This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug development. Additionally, it is employed in the production of advanced materials, such as organic semiconductors and polymers, due to its ability to incorporate thiophene and pyrazole moieties, which enhance electronic properties. Its stability and reactivity make it a valuable reagent in research and industrial applications.