This paper presents the first analysis of the contact binary TYC 3801-1529-1. We observed four sets of multiple bands complete light curves and one set of radial velocity curve of the primary component. Based on a simultaneous investigation of our observed and TESS light curves and the radial velocity curve, we found that TYC 3801-1529-1 is an extremely low-mass-ratio, medium contact binary with $q=0.0356$, with the contribution of the third light at a level of about 10<!PCT!>. Its mass ratio is lower than V1187 Her, making TYC 3801-1529-1 the lowest mass-ratio contact binary ever found in the universe. The light curves observed in 2022 are asymmetric, which is aptly explained by a hot spot on the primary component. A 16-year eclipse timings analysis indicates a secular increase orbital period with a rate of dp/dt$=7.96( $ d yr$^ $. We studied the stability of this target and identified that not only the value of $J_ spin /J_ orb $, but also the mass ratio surpass the unstable boundary. Hence, TYC 3801-1529-1 presents a challenge to theoretical research and ought to be considered a progenitor of a contact binary merger.