Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely employed in the pharmaceutical industry to create complex biaryl compounds, which are essential in drug development. It also finds application in material science for the synthesis of organic electronic materials, such as polymers and small molecules used in OLEDs and other optoelectronic devices. Additionally, it serves as a building block in the preparation of agrochemicals and fine chemicals, contributing to the development of pesticides and other agricultural products. Its versatility in forming carbon-carbon bonds makes it valuable in various research and industrial processes.