Never switch a worn tire onto the front, well unless you like to live dangerously. A blowout will mean the tire bead can disengage from the rim, roll off said rim, and your steering ability goes to hell pretty quickly. The tire can also get caught between the rim and the fork, and down you go face first. I mean if that sort of thing is your cup of tea, then go for it but otherwise a new tire is probably in order. If you note year rear tire is wearing out though, you can move the front tire to the back and install the new one up front. You want your best tire up there where you steer the bike.
Also, if you can see daylight through the tire, you are going to continue to get flats. The inner tube is under pressure and is looking for a way out of the tire, that little hole is giving it one. You can buy these plastic tire boots from Park tool (I've seen them at Performance) that stick inside your tire to fix holes like that* but on a tire this old, probably not all that cost effective.
*By the way, these things don't seem to stick very well, but once you inflate a tube inside the tire and ride it? NEVER coming off.