Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. Its boronic acid group facilitates efficient coupling with aryl or vinyl halides, making it valuable in the development of drugs, materials, and fine chemicals. Additionally, it is employed in the synthesis of thiophene-based compounds, which are widely used in electronic materials and organic semiconductors due to their unique electronic properties.