This chemical is widely used as a key intermediate in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It plays a crucial role in the formation of carbon-carbon bonds, enabling the construction of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group allows for efficient coupling with aryl or vinyl halides, making it valuable in the production of biaryl compounds. Additionally, it is utilized in the development of conjugated polymers and organic electronic materials due to its ability to facilitate the synthesis of thiophene-based structures, which are essential in optoelectronic applications like organic light-emitting diodes (OLEDs) and solar cells.