Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting neurological disorders and cancer. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This chemical is also employed in the development of agrochemicals, contributing to the creation of herbicides and pesticides. Additionally, it finds applications in material science for the design of organic electronic materials and sensors. Its versatility in organic synthesis makes it valuable in research and industrial processes for developing innovative compounds.