Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds for complex organic molecules. This compound is also employed in the production of agrochemicals, aiding in the creation of pesticides and herbicides. Additionally, it serves as a building block in materials science, contributing to the development of advanced polymers and organic electronic materials.